16 Cambridge StreetHartfordCT06120
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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 Hartford at 16 Cambridge Street, Hartford, CT, 06120 generates $2,958/mo in rent and, after a $1,522/mo payment, leaves $845/mo in cash flow. Total monthly income is $2,958/mo, and annual cash flow is $10,141/yr on $103,097 invested. Return on cash invested sits at 29.75% in year one, and rental yield is 11.41% on a $311,000 entry. Equity gained on principal adds $2,007/yr, while 5% annual appreciation builds toward $85,924 over five years. Five-year ROI reaches 156.43% and total cumulative return in cash sums $161,277. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,958/mo property income rather than buyer’s personal income.
Single Family
Built in 1943
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06120, Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,460 (100%) |
| Owner Occupied HU | 877 (16.1%) |
| Renter Occupied HU | 3,987 (73.0%) |
| Vacant Housing Units | 596 (10.9%) |
| Median Home Value | $172,683 |
| Average Home Value | $203,629 |
Housing Distribution
Address Breakdown
Residential
4,612
Single Family
2,982
Multi-Family
1,630
Businesses
449
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Listed by: Joe Rohinsky • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24131018
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.