325 Kelly Rd Lot O9 · Vernon, CT 06066

$69,000

2 bd · 2.0 ba · 924 sqft · Manufactured public records · 28 Days on market

Built 1984 $460/mo HOA · 25% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.7/5.0
• Schools +3.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to easy, low-maintenance living in the desirable 55+ community of Vernon Village Inc. ! This well-maintained manufactured home is perfect for retirees, downsizers, or anyone looking for comfortable one-level living in a quiet community setting. This 2-bedroom, 2 full bath home offers a functional layout with spacious living areas and several major updates already completed, including newer roof, siding, central air, and water heater. The kitchen comes equipped with stainless steel appliances including a refrigerator, gas range, and dishwasher. Enjoy your morning coffee on the covered front porch or relax outdoors on the small rear deck. Conveniently located near shopping centers, me

Key facts

• Covered front porch
• Newer roof
• Newer siding

Tags

• COVERED FRONT PORCH
• REAR DECK
• CENTRAL AIR
• NEWER ROOF
• NEWER SIDING
• NEWER WATER HEATER

Property features AI

Finance

• HOA & community: Homeowners association with a monthly fee of $460; HOA covers trash pickup, snow removal, water and sewer; Association amenities include medical facilities; Professional on-site property management

Exterior

• Parking: Off-street parking; 2 parking spaces
• Utilities: Public water connected; Public sewer connected; Hot water by propane (30 gallon tank); Propane fuel tank above ground
• Home design: Single-family home; Adult community (55+)
• Construction: Prefab construction; Vinyl siding; Asphalt shingle roof; No foundation specified
• Exterior features: Porch; Shed; Located in a subdivision

Interior

• Kitchen: Gas range; Refrigerator; Dishwasher
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Baseboard heat (propane fuel)
• Interior features: Open floor plan; No basement
• Laundry & utility: Laundry on the main level; Laundry located in hallway between kitchen and bathroom

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $69k.

Deal economics

• At list price, monthly cash flow is $533 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $69k).
• Recommended offer: $68k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Vernon School District (suburban): math 34% / reading 48% proficiency, ranked #97 of 153 in CT (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Skinner Road School (math 32% / reading 47%, grade F, #298 of 553 statewide, top 56%, 321 students, 52% FRL); Rockville High School (math 22% / reading 52%, grade F, #112 of 194 statewide, top 60%, 932 students, 48% FRL).
• Market conditions: Rents rising fast (+4.7%/yr); 81 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $20k; list at $69k implies a 245% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.

Recommended offer $67,965 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.66% ✓
• Cap rate: 15.56%
• Cash-on-cash: 33.10%
• DSCR: 2.47
• GRM: 3.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.73% rent growth · sell at horizon

5-year hold

• IRR: 31.3%
• Equity multiple: 2.36×
• Total profit: $26,317
• Equity at exit: $10,288

10-year hold

• IRR: 39.9%
• Equity multiple: 5.23×
• Total profit: $81,676
• Equity at exit: $5,966

Cash invested: $19,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06066

• Rents YoY: 4.7%
• Active inventory: 81
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,838 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$68 /mo · $821/yr
• Insurance: −$29
• HOA: −$460
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $533

Break-even live

Break-even rent $1,163

Max offer price $69,000

Occupancy floor 66%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
25 Gerber Rd E South Windsor, CT	2.0	1.0	900	$2,045	$2.27	1d	1	0.40mi

HOA detail

• Monthly dues: $460 · $5,520/yr
• Likely covers: watergas

Listing history 16 events

1. 2026-06-18
   days on market $69,000 Active 28 DOM
2. 2026-06-17
   days on market $69,000 Active 27 DOM
3. 2026-06-16
   days on market $69,000 Active 26 DOM
4. 2026-06-15
   days on market $69,000 Active 25 DOM
5. 2026-06-13
   days on market $69,000 Active 23 DOM
6. 2026-06-13
   days on market $69,000 Active 22 DOM
7. 2026-06-10
   days on market $69,000 Active 20 DOM
8. 2026-06-09
   days on market $69,000 Active 19 DOM
9. 2026-06-08
   days on market $69,000 Active 18 DOM
10. 2026-06-07
    days on market $69,000 Active 17 DOM
11. 2026-06-03
    days on market $69,000 Active 13 DOM
12. 2026-06-02
    days on market $69,000 Active 12 DOM
13. 2026-06-01
    days on market $69,000 Active 11 DOM
14. 2026-05-31
    days on market $69,000 Active 10 DOM
15. 2026-04-30
    listed $75,000 Active
16. 2014-11-25
    soldstatus $20,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $821 · $68/mo
• Projected year-2 tax: $1,149 · $96/mo
• Expected delta: +$328/yr (+$27/mo · 39.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $22,055
• − Mortgage interest: −$3,865
• − Property taxes: −$821
• − Insurance: −$345
• − Repairs & maintenance: −$1,764
• − Management: −$1,764
• − HOA: −$5,520
• − Depreciation: −$2,007
• Taxable income: $5,968
• Est. tax owed @ 24.0%: −$1,432
• After-tax cash flow: $4,963/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Vernon School District
• NCES district ID: 0904680
• Math proficiency: 34% ▼ -11.00%
• Reading proficiency: 48% ▼ -6.00%
• Median HH income: $60,342
• Composite: 36.26/100
• National rank: #4704
• State rank: #97 of 153 in CT

Livability — Vernon

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Tolland County · 46,815 people
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 30,577
• Household income: $85,356
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 1140.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 12% Two or more races 7% Asian 6% Black 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 9%
• Common ancestry: Lithuanian 8% Romanian 7% Slovak 2%
• Foreign-born: 11% · Canada, China, South Korea
• Languages at home: 84% English-only · Spanish 6% Other Indo-European 5% Russian/Polish/Slavic 1%

Political lean MEDSL · Capitol

• 2024 margin: Strong D (+21.9) · D 60.1% · R 38.2% · Other 1.7%
• All cycles: 2024: D+21.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -136.25%
• Current HPI: 249.7888
• Rent YoY: ▲ 4.73%
• Metro: Hartford-East Hartford-Middletown, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+275.0% since first listed

2 events — show timeline

• 2026-04-30 Listed $75,000 Smart MLS
• 2014-11-25 Sold (Public Records) $20,000 Public Records

Property tax history

-1.8%/yr

Latest (2023): $821 · +0.0% YoY. Source: county tax records.