171 Oconnell DriveEast HartfordCT06118
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 East Hartford at 171 Oconnell Drive, East Hartford, CT, 06118 priced at $260,000 pairs $1,803/mo rent with $36/mo cash flow after a $1,273/mo payment. Total monthly income equals $1,803/mo, and annual cash flow comes to $432/yr on $86,190 invested. Return on cash invested is 20.41% in year one, and rental yield stands at 8.32% on a $260,000 basis. Equity gained on principal adds $1,678/yr, and 5% annual appreciation accumulates to $71,833 by year five. Five-year ROI measures 106.31% and total cumulative return in cash reaches $91,625. For financing, Ziffy Mortgage’s DSCR program evaluates $1,803/mo property income against a $1,273/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06118, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,248 (100%) |
| Owner Occupied HU | 7,372 (65.5%) |
| Renter Occupied HU | 3,462 (30.8%) |
| Vacant Housing Units | 414 ( 3.7%) |
| Median Home Value | $252,332 |
| Average Home Value | $271,501 |
Housing Distribution
Address Breakdown
Residential
11,297
Single Family
9,445
Multi-Family
1,852
Businesses
272
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Listed by: Tracey Hollerbach • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24150543