220 Main Street APT 6GNew HartfordCT06057
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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 New Hartford at 220 Main Street APT 6G, New Hartford, CT, 06057 offers a 10.88% rental yield on a $198,500 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $972/mo payment leaves $451/mo available for distribution. Annual cash flow reaches $5,410/yr on $65,803 to close, and return on cash invested stands at 28.13% in year one. Equity gained on principal adds $1,281/yr while 5% annual appreciation supports $54,842 over five years. Portfolio math shows five-year ROI at 147.74% and total cumulative return in cash at $97,217. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $972/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06057, New Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,904 (100%) |
| Owner Occupied HU | 2,295 (79.0%) |
| Renter Occupied HU | 327 (11.3%) |
| Vacant Housing Units | 282 ( 9.7%) |
| Median Home Value | $405,658 |
| Average Home Value | $434,193 |
Housing Distribution
Address Breakdown
Residential
2,534
Single Family
2,387
Multi-Family
147
Businesses
171
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Listed by: Lana Van Valkenburgh • Vision Real Estate
Mls Name: Smart MLS
Mls ID: #24137865