1243 East Street #FNew BritainCT06053
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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 New Britain at 1243 East Street #F, New Britain, CT, 06053 uses $61,294 cash to close to unlock $11,924/yr annual cash flow and $994/mo monthly cash flow. Total monthly income runs $2,250/mo, and a $905/mo payment keeps the spread at $994/mo. Purchase price stands at $184,900, and rental yield measures 14.6% with $2,250/mo rent. Return on cash invested shows 39.36% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 207.99% and total cumulative return in cash records $127,483. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,250/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06053, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,776 (100%) |
| Owner Occupied HU | 6,790 (46.0%) |
| Renter Occupied HU | 7,041 (47.7%) |
| Vacant Housing Units | 945 ( 6.4%) |
| Median Home Value | $239,929 |
| Average Home Value | $277,573 |
Housing Distribution
Address Breakdown
Residential
13,907
Single Family
11,194
Multi-Family
2,713
Businesses
444
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Listed by: Andrew Westphal • Whitestone Real Estate Group
Mls Name: Smart MLS
Mls ID: #24125314