116 Fairmount Street #116HartfordCT06120
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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
Investment property for sale in Hartford at 116 Fairmount Street #116, Hartford, CT, 06120 listed at $163,000 pairs $1,305/mo rent with a $798/mo payment to leave $197/mo cash flow. Total monthly income runs $1,305/mo, and annual cash flow reaches $2,368/yr on $54,035 cash to close. Return on cash invested measures 24.29% in year one, and rental yield registers 9.61% at a $163,000 basis. Equity gained on principal adds $1,052/yr, and annual property appreciation at 5% supports $45,034 by year five. Five-year ROI tracks 127.22% and total cumulative return in cash totals $68,743. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,305/mo property income relative to a $798/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06120, Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,460 (100%) |
| Owner Occupied HU | 877 (16.1%) |
| Renter Occupied HU | 3,987 (73.0%) |
| Vacant Housing Units | 596 (10.9%) |
| Median Home Value | $172,683 |
| Average Home Value | $203,629 |
Housing Distribution
Address Breakdown
Residential
4,612
Single Family
2,982
Multi-Family
1,630
Businesses
449
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Listed by: Shacara Cook • KW Legacy Partners
Mls Name: Smart MLS
Mls ID: #24108223