227 Amherst StreetNew BritainCT06053
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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 New Britain at 227 Amherst Street, New Britain, CT, 06053 offers $2,846/mo rent that, after a $1,689/mo payment, leaves $502/mo cash flow. Total monthly income is $2,846/mo, and annual cash flow is $6,018/yr on $114,368 cash. Return on cash invested measures 25.17% in year one, and rental yield stands at 9.9% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 131.87% and total cumulative return in cash reaches $150,820. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,846/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06053, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,776 (100%) |
| Owner Occupied HU | 6,790 (46.0%) |
| Renter Occupied HU | 7,041 (47.7%) |
| Vacant Housing Units | 945 ( 6.4%) |
| Median Home Value | $239,929 |
| Average Home Value | $277,573 |
Housing Distribution
Address Breakdown
Residential
13,907
Single Family
11,194
Multi-Family
2,713
Businesses
444
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Listed by: Kenny M. Chitacapa • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24139125