16 Townley Street #G3HartfordCT06105
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
Rental property for sale in Hartford at 16 Townley Street #G3, Hartford, CT, 06105 offers $941/mo rent that, after a $587/mo payment, leaves $126/mo cash flow. Total monthly income is $941/mo, and annual cash flow is $1,512/yr on $39,780 cash. Return on cash invested measures 23.71% in year one, and rental yield stands at 9.41% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 124% and total cumulative return in cash reaches $49,327. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $941/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06105, Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,128 (100%) |
| Owner Occupied HU | 1,427 (12.8%) |
| Renter Occupied HU | 8,410 (75.6%) |
| Vacant Housing Units | 1,291 (11.6%) |
| Median Home Value | $396,006 |
| Average Home Value | $421,967 |
Housing Distribution
Address Breakdown
Residential
10,750
Single Family
2,790
Multi-Family
7,960
Businesses
636
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maddy Ceruti • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24132549