129 Steele RoadWest HartfordCT06119
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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 West Hartford at 129 Steele Road, West Hartford, CT, 06119 priced at $849,900 converts $4,930/mo rent into after a $4,160/mo obligation. Total monthly income equals $4,930/mo. Return on cash invested prints 16.43% in year one, and rental yield reads 6.96% against a $849,900 entry. Equity gained on principal adds $5,484/yr, while 5% annual appreciation compiles into $234,812 by year five. Five-year ROI reaches 84.99% and total cumulative return in cash sums $237,638. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,930/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 1911
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06119, W Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,704 (100%) |
| Owner Occupied HU | 3,503 (45.5%) |
| Renter Occupied HU | 3,656 (47.5%) |
| Vacant Housing Units | 545 ( 7.1%) |
| Median Home Value | $420,367 |
| Average Home Value | $444,353 |
Housing Distribution
Address Breakdown
Residential
7,216
Single Family
4,719
Multi-Family
2,497
Businesses
330
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Listed by: Laurie Kane • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24126774