23 Smith Street #1BNew BritainCT06053
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
Investment property for sale in New Britain at 23 Smith Street #1B, New Britain, CT, 06053 at $247,000 posts ROI 21.34% with $98/mo cash flow from $1,776/mo rent. Total monthly income equals $1,776/mo, and annual cash flow records $1,172/yr on $81,881 to close. Return on cash invested measures 21.34% and rental yield reads 8.63% at the current $247,000. Equity gained on principal adds $1,594/yr, and 5% annual appreciation supports $68,242 by year five. Five-year ROI prints 111.31% and total cumulative return in cash totals $91,144.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,776/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1988
N/A 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: Sherri Schwartz • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24147343