11 George StreetNew BritainCT06051
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in New Britain at 11 George Street, New Britain, CT, 06051 priced at $299,000 pairs $2,665/mo rent with $634/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,665/mo, and annual cash flow comes to $7,607/yr on $99,119 invested. Return on cash invested is 27.58% in year one, and rental yield stands at 10.7% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 144.78% and total cumulative return in cash reaches $143,506. For financing, Ziffy Mortgage’s DSCR program evaluates $2,665/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06051, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,514 (100%) |
| Owner Occupied HU | 3,444 (25.5%) |
| Renter Occupied HU | 8,850 (65.5%) |
| Vacant Housing Units | 1,220 ( 9.0%) |
| Median Home Value | $230,438 |
| Average Home Value | $284,544 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
9,279
Multi-Family
3,272
Businesses
762
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Listed by: Nancy L. Newman • LPT Realty
Mls Name: Smart MLS
Mls ID: #24132101