207 Ridgewood RoadEast HartfordCT06118
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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
Investment property for sale in East Hartford at 207 Ridgewood Road, East Hartford, CT, 06118 earns $443/mo cash flow from $2,860/mo rent with a $1,703/mo payment. Total monthly income totals $2,860/mo, and annual cash flow totals $5,313/yr on $115,362 capital. ROI tracks 24.51% on current figures, and rental yield reads 9.86% at a $348,000 purchase. Equity gained on principal adds $2,246/yr, and 5% annual appreciation supports $96,146 over five years. Five-year ROI reaches 128.54% and total cumulative return in cash sums $148,282. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,860/mo property income instead of your personal income.
Single Family
Built in 1953
0.27 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: Elaine Birthwright Rowe • Elite Legacy Realty LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092193
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.