135 New Britain Avenue #24PlainvilleCT06062
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Plainville at 135 New Britain Avenue #24, Plainville, CT, 06062 offers a 9.6% rental yield on a $327,000 purchase with $2,617/mo rent. Total monthly income registers $2,617/mo, and a $1,601/mo payment leaves $125/mo available for distribution. Annual cash flow reaches $1,496/yr on $108,401 to close, and return on cash invested stands at 21.29% in year one. Equity gained on principal adds $2,110/yr while 5% annual appreciation supports $90,344 over five years. Portfolio math shows five-year ROI at 112.13% and total cumulative return in cash at $121,553. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,617/mo property income against a $1,601/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alan D. Stewart Jr • ASJ Realty Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24137811
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.