15 Laurel StreetEast HartfordCT06108
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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 East Hartford at 15 Laurel Street, East Hartford, CT, 06108 priced at $230,000 converts $1,794/mo rent into $231/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,794/mo, and annual cash flow totals $2,772/yr on $76,245 invested. Return on cash invested prints 23.54% in year one, and rental yield reads 9.36% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 123.13% and total cumulative return in cash sums $93,883. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,794/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Multi Family
Built in 1957
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06108, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,171 (100%) |
| Owner Occupied HU | 4,435 (43.6%) |
| Renter Occupied HU | 5,074 (49.9%) |
| Vacant Housing Units | 662 ( 6.5%) |
| Median Home Value | $262,362 |
| Average Home Value | $309,127 |
Housing Distribution
Address Breakdown
Residential
9,529
Single Family
7,067
Multi-Family
2,462
Businesses
1,140
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Listed by: Tom Pentalow • Property Shoppe, LLC
Mls Name: Smart MLS
Mls ID: #24149454