126 Biruta St APT B20New 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
Rental property for sale in New Britain at 126 Biruta St APT B20, New Britain, CT, 06053 generates $1,006/mo in rent, after a $630/mo payment. Total monthly income is $1,006/mo. Return on cash invested sits at 12.44% in year one, and rental yield is 9.38% on a $128,750 entry. Equity gained on principal adds $831/yr, while 5% annual appreciation builds toward $35,571 over five years. Five-year ROI reaches 67.69% and total cumulative return in cash sums $28,890. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,006/mo property income rather than buyer’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$397 monthly 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: Jesica Beaulieu • Dave Jones Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085795
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.