300 Mansfield Ave · Willimantic, CT 06226

$250,000

4 bd · 2.0 ba · 1,404 sqft · SingleFamily public records · 6 Days on market

Built 1957 0.35 ac lot $178/sqft · 13% below area Est $287k · 13% under

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Why this score? — see what drove the C- 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 +18.0/30.0
• ARV discount +13.3/15.0
• DSCR +5.6/10.0
• 1% rule +5.3/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great home with good bones ready for your personal touch. Nestled in a neighborhood setting with easy access to Windham Hospital, Main Street Willimantic, Route 6, parks, shopping & dining, and within walking distance to local schools as well as ECSU! Nicely flowing floor plan offering a comfortable living room with brick fireplace and hardwood floors, country kitchen with a pass-through to the dining room which also has hardwood floors. The main floor has two bedrooms both with hardwood floors and a full bath. The second floor features two more spacious bedrooms both with hardwood floors, and a second full bath. You'll love the level, open yard - plenty of room for both play and relaxation, shaded by mature trees. Plenty of parking with a long, stonewall-lined driveway. Great shed outside for storage! Property backs up to the sports fields between Sweeney School and Windham Middle School. Updates include a newer boiler (2012), updated 200 AMP electrical (2 yrs), new chimney flue (10 yrs). BRAND NEW ROOF!!

Key facts

• 0.35 acre lot
• Built 1957
• Listed 6 days

Property features AI

Exterior

• Utilities: Public water connected; Public sewer connected; Oil fuel tank located in the basement
• Home design: Single-family home
• Construction: Frame construction with wood/shingle siding; White exterior; Asphalt shingle roof; Block and concrete foundation
• Exterior features: Lightly wooded, level lot; Shed on property

Interior

• Kitchen: Refrigerator included
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot water heat powered by oil; Tankless domestic hot water; Storm windows and storm doors
• Interior features: 7 total rooms; Full unfinished basement with hatchway; One fireplace
• Laundry & utility: Laundry located in the basement (lower level)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $216 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Cap rate 7.3% vs local median 4.6% in Willimantic — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 85/100 on livability (#3 in CT, #487 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D+, employment F.
• Windham School District (town): math 15% / reading 25% proficiency, ranked #143 of 153 in CT (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 39 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 487 units permitted in Southeastern Connecticut Planning Region in 2024 (244 in 5+ unit buildings).
• At $2,565/mo this rent would consume 65% of the median local household income ($47k/yr) (locally 1122% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 53% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $250,000

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.03% ✓
• Cap rate: 7.33%
• Cash-on-cash: 3.69%
• DSCR: 1.16
• GRM: 8.1

CMA / ARV

• ARV (median comp): $286,978
• List price: $250,000
• Delta: -12.89%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
300 Mansfield Ave	0.00mi	4/2.0	1,404 (0%)	0mo	$255,000	$182	100
378 Mansfield Ave	0.17mi	3/1.5 (-1)	1,308 (-7%)	7mo	$315,000	$241	68
66 Lynwood Dr	0.49mi	3/2.0 (-1)	1,498 (+7%)	0mo	$410,000	$274	61
4 Handfield Ave	0.26mi	3/1.0 (-1)	1,335 (-5%)	13mo	$235,500	$176	60
390 Mansfield Ave	0.20mi	3/1.0 (-1)	1,224 (-13%)	1mo	$295,000	$241	60
126 Roanoak Ave	0.31mi	3/2.0 (-1)	1,306 (-7%)	13mo	$290,100	$222	58
211 Roanoak Ave	0.40mi	4/1.0	1,312 (-7%)	12mo	$280,000	$213	56
60 Impala Dr	0.25mi	4/2.5	1,609 (+15%)	9mo	$308,000	$191	54
73 Holbrook Ave	0.47mi	3/1.0 (-1)	1,310 (-7%)	7mo	$290,000	$221	52
438 High St	0.50mi	3/2.0 (-1)	1,512 (+8%)	12mo	$300,000	$198	49
59 Lynwood Dr	0.50mi	3/1.0 (-1)	1,274 (-9%)	5mo	$294,000	$231	48
235 High St	0.66mi	4/2.0	1,265 (-10%)	9mo	$250,000	$198	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -10.5%
• Equity multiple: 0.62×
• Total profit: $-26,694
• Equity at exit: $37,276

10-year hold

• IRR: -1.1%
• Equity multiple: 0.93×
• Total profit: $-5,205
• Equity at exit: $21,615

Cash invested: $70,000 (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 06226

• Home prices YoY: -9.3%
• Active inventory: 39
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,565 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$396 /mo · $4,748/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$539
• Net cashflow: $216

Break-even live

Break-even rent $2,292

Max offer price $250,000

Occupancy floor 87%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1 Ardman Dr Willimantic, CT	4.0	1.0	1134	$2,300	$2.03	44d	1	0.26mi
173 Mansfield Ave Willimantic, CT	4.0	1.0	1200	$2,300	$1.92	14d	1	0.42mi
248 Ivan Hill St Willimantic, CT	4.0	1.0	1232	$2,800	$2.27	19d	1	0.46mi
53 Lynwood Dr Willimantic, CT	4.0	1.0	1134	$2,200	$1.94	44d	1	0.46mi
223 High St Willimantic, CT	4.0	2.0	1701	$3,100	$1.82	14d	1	0.68mi
330 Valley St Willimantic, CT	3.0	1.0	1400	$1,800	$1.29	14d	1	0.74mi
22 Bolivia St Fl 1 Willimantic, CT	5.0	2.0	1600	$2,399	$1.50	14d	1	1.19mi

Listing history 11 events

1. 2026-05-12
   status Under Contract 331-char remark
2. 2026-05-07
   listed $250,000 Active 331-char remark
3. 2026-05-02
   historical $250,000 331-char remark
4. 2019-11-20
   soldstatus $130,000 Closed 1025-char remark

   Show marketing remark (1025 chars)

   Great home with good bones ready for your personal touch. Nestled in a neighborhood setting with easy access to Windham Hospital, Main Street Willimantic, Route 6, parks, shopping & dining, and within walking distance to local schools as well as ECSU! Nicely flowing floor plan offering a comfortable living room with brick fireplace and hardwood floors, country kitchen with a pass-through to the dining room which also has hardwood floors. The main floor has two bedrooms both with hardwood floors and a full bath. The second floor features two more spacious bedrooms both with hardwood floors, and a second full bath. You'll love the level, open yard - plenty of room for both play and relaxation, shaded by mature trees. Plenty of parking with a long, stonewall-lined driveway. Great shed outside for storage! Property backs up to the sports fields between Sweeney School and Windham Middle School. Updates include a newer boiler (2012), updated 200 AMP electrical (2 yrs), new chimney flue (10 yrs). BRAND NEW ROOF!!

5. 2019-11-01
   status Under Contract 1025-char remark

   Show marketing remark (1025 chars)

   Great home with good bones ready for your personal touch. Nestled in a neighborhood setting with easy access to Windham Hospital, Main Street Willimantic, Route 6, parks, shopping & dining, and within walking distance to local schools as well as ECSU! Nicely flowing floor plan offering a comfortable living room with brick fireplace and hardwood floors, country kitchen with a pass-through to the dining room which also has hardwood floors. The main floor has two bedrooms both with hardwood floors and a full bath. The second floor features two more spacious bedrooms both with hardwood floors, and a second full bath. You'll love the level, open yard - plenty of room for both play and relaxation, shaded by mature trees. Plenty of parking with a long, stonewall-lined driveway. Great shed outside for storage! Property backs up to the sports fields between Sweeney School and Windham Middle School. Updates include a newer boiler (2012), updated 200 AMP electrical (2 yrs), new chimney flue (10 yrs). BRAND NEW ROOF!!

6. 2019-09-13
   price $130,000 1025-char remark

   Show marketing remark (1025 chars)

   Great home with good bones ready for your personal touch. Nestled in a neighborhood setting with easy access to Windham Hospital, Main Street Willimantic, Route 6, parks, shopping & dining, and within walking distance to local schools as well as ECSU! Nicely flowing floor plan offering a comfortable living room with brick fireplace and hardwood floors, country kitchen with a pass-through to the dining room which also has hardwood floors. The main floor has two bedrooms both with hardwood floors and a full bath. The second floor features two more spacious bedrooms both with hardwood floors, and a second full bath. You'll love the level, open yard - plenty of room for both play and relaxation, shaded by mature trees. Plenty of parking with a long, stonewall-lined driveway. Great shed outside for storage! Property backs up to the sports fields between Sweeney School and Windham Middle School. Updates include a newer boiler (2012), updated 200 AMP electrical (2 yrs), new chimney flue (10 yrs). BRAND NEW ROOF!!

7. 2019-09-13
   historical Under Contract - Continue to Show 1025-char remark

   Show marketing remark (1025 chars)

   Great home with good bones ready for your personal touch. Nestled in a neighborhood setting with easy access to Windham Hospital, Main Street Willimantic, Route 6, parks, shopping & dining, and within walking distance to local schools as well as ECSU! Nicely flowing floor plan offering a comfortable living room with brick fireplace and hardwood floors, country kitchen with a pass-through to the dining room which also has hardwood floors. The main floor has two bedrooms both with hardwood floors and a full bath. The second floor features two more spacious bedrooms both with hardwood floors, and a second full bath. You'll love the level, open yard - plenty of room for both play and relaxation, shaded by mature trees. Plenty of parking with a long, stonewall-lined driveway. Great shed outside for storage! Property backs up to the sports fields between Sweeney School and Windham Middle School. Updates include a newer boiler (2012), updated 200 AMP electrical (2 yrs), new chimney flue (10 yrs). BRAND NEW ROOF!!

8. 2019-08-12
   status Active 1025-char remark

   Show marketing remark (1025 chars)

   Great home with good bones ready for your personal touch. Nestled in a neighborhood setting with easy access to Windham Hospital, Main Street Willimantic, Route 6, parks, shopping & dining, and within walking distance to local schools as well as ECSU! Nicely flowing floor plan offering a comfortable living room with brick fireplace and hardwood floors, country kitchen with a pass-through to the dining room which also has hardwood floors. The main floor has two bedrooms both with hardwood floors and a full bath. The second floor features two more spacious bedrooms both with hardwood floors, and a second full bath. You'll love the level, open yard - plenty of room for both play and relaxation, shaded by mature trees. Plenty of parking with a long, stonewall-lined driveway. Great shed outside for storage! Property backs up to the sports fields between Sweeney School and Windham Middle School. Updates include a newer boiler (2012), updated 200 AMP electrical (2 yrs), new chimney flue (10 yrs). BRAND NEW ROOF!!

9. 2019-08-06
   historical Under Contract - Continue to Show 1025-char remark

   Show marketing remark (1025 chars)

   Great home with good bones ready for your personal touch. Nestled in a neighborhood setting with easy access to Windham Hospital, Main Street Willimantic, Route 6, parks, shopping & dining, and within walking distance to local schools as well as ECSU! Nicely flowing floor plan offering a comfortable living room with brick fireplace and hardwood floors, country kitchen with a pass-through to the dining room which also has hardwood floors. The main floor has two bedrooms both with hardwood floors and a full bath. The second floor features two more spacious bedrooms both with hardwood floors, and a second full bath. You'll love the level, open yard - plenty of room for both play and relaxation, shaded by mature trees. Plenty of parking with a long, stonewall-lined driveway. Great shed outside for storage! Property backs up to the sports fields between Sweeney School and Windham Middle School. Updates include a newer boiler (2012), updated 200 AMP electrical (2 yrs), new chimney flue (10 yrs). BRAND NEW ROOF!!

10. 2019-07-10
    price $145,000 1025-char remark

    Show marketing remark (1025 chars)

    Great home with good bones ready for your personal touch. Nestled in a neighborhood setting with easy access to Windham Hospital, Main Street Willimantic, Route 6, parks, shopping & dining, and within walking distance to local schools as well as ECSU! Nicely flowing floor plan offering a comfortable living room with brick fireplace and hardwood floors, country kitchen with a pass-through to the dining room which also has hardwood floors. The main floor has two bedrooms both with hardwood floors and a full bath. The second floor features two more spacious bedrooms both with hardwood floors, and a second full bath. You'll love the level, open yard - plenty of room for both play and relaxation, shaded by mature trees. Plenty of parking with a long, stonewall-lined driveway. Great shed outside for storage! Property backs up to the sports fields between Sweeney School and Windham Middle School. Updates include a newer boiler (2012), updated 200 AMP electrical (2 yrs), new chimney flue (10 yrs). BRAND NEW ROOF!!

11. 2019-06-13
    listed $148,000 Active 1025-char remark

    Show marketing remark (1025 chars)

    Great home with good bones ready for your personal touch. Nestled in a neighborhood setting with easy access to Windham Hospital, Main Street Willimantic, Route 6, parks, shopping & dining, and within walking distance to local schools as well as ECSU! Nicely flowing floor plan offering a comfortable living room with brick fireplace and hardwood floors, country kitchen with a pass-through to the dining room which also has hardwood floors. The main floor has two bedrooms both with hardwood floors and a full bath. The second floor features two more spacious bedrooms both with hardwood floors, and a second full bath. You'll love the level, open yard - plenty of room for both play and relaxation, shaded by mature trees. Plenty of parking with a long, stonewall-lined driveway. Great shed outside for storage! Property backs up to the sports fields between Sweeney School and Windham Middle School. Updates include a newer boiler (2012), updated 200 AMP electrical (2 yrs), new chimney flue (10 yrs). BRAND NEW ROOF!!

ⓘ 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: $4,748 · $396/mo
• Projected year-2 tax: $5,049 · $421/mo
• Expected delta: +$301/yr (+$25/mo · 6.3%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 53% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,780
• − Mortgage interest: −$14,004
• − Property taxes: −$4,748
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,462
• − Management: −$2,462
• − Depreciation: −$7,273
• Taxable loss: −$1,419
• Est. tax savings @ 24.0%: +$341
• After-tax cash flow: $2,927/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: Windham School District
• NCES district ID: 0905190
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 25% ▼ -12.00%
• Median HH income: $40,956
• Composite: 17.01/100
• National rank: #9128
• State rank: #143 of 153 in CT

Livability — Willimantic

• Score: 85/100
• State rank: #3
• US rank: #487

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime A Employment F Housing B+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Willimantic, CT
• County: Windham County · 30,529 people
• City population: 19,344
• Metro: Worcester, MA-CT
• Population (ZIP): 19,344
• Household income: $47,162
• Rent vs Own: 63.8% rent · 36.2% own
• Severe rent burden: 1122.0

Population outlook (Southeastern Connecticut County) Hauer SSP2

• By 2040: 293,442

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 45% White 44% Two or more races 20% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 10% Puerto Rican 30% Dominican 1%
• Common ancestry: Lithuanian 6% Romanian 5% Slovak 1%
• Foreign-born: 9% · Canada, Guatemala, China
• Languages at home: 62% English-only · Spanish 33% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Southeastern Connecticut

• 2024 margin: D (+13.0) · D 55.6% · R 42.6% · Other 1.8%
• All cycles: 2024: D+13.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.01%
• Current HPI: 301.9706
• Rent YoY: —
• Metro: Worcester, MA-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

+72.3% since first listed

12 events — show timeline

• 2026-06-12 Sold (MLS) $255,000 Smart MLS
• 2026-05-12 Pending — Smart MLS
• 2026-05-07 Listed $250,000 Smart MLS
• 2026-05-02 Coming Soon $250,000 Smart MLS
• 2019-11-20 Sold (MLS) $130,000 Smart MLS
• 2019-11-01 Pending — Smart MLS
• 2019-09-13 Price Changed $130,000 Smart MLS
• 2019-09-13 Contingent — Smart MLS
• 2019-08-12 Relisted — Smart MLS
• 2019-08-06 Contingent — Smart MLS
• 2019-07-10 Price Changed $145,000 Smart MLS
• 2019-06-13 Listed $148,000 Smart MLS

Property tax history

+0.9%/yr

Latest (2023): $4,748 · +1.5% YoY. Source: county tax records.