235 Tremont St UNIT 7ANew BritainCT06051
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 235 Tremont St UNIT 7A, New Britain, CT, 06051 in New Britain worth modelling. At $185,000 with a 9.65% gross yield, the $1,440/mo rent leaves $77/mo after the $832/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.73 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $51,112 by year five; $1,704/yr in principal reduction adds further equity. Total projected return: $73,193.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.2% |
| Monthly Cash Flow | $77 | $450 |
City averages based on New Britain market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,440 |
| Total Monthly Debt Service | $1,337 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1989
N/A lot
$N/A/sqft
$154 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06051, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,514 (100%) |
| Owner Occupied HU | 3,444 (25.5%) |
| Renter Occupied HU | 8,850 (65.5%) |
| Vacant Housing Units | 1,220 ( 9.0%) |
| Median Home Value | $230,438 |
| Average Home Value | $284,544 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
9,279
Multi-Family
3,272
Businesses
762
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
Condo
Built in 1989
N/A lot
$N/A/sqft
$154 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06051, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,514 (100%) |
| Owner Occupied HU | 3,444 (25.5%) |
| Renter Occupied HU | 8,850 (65.5%) |
| Vacant Housing Units | 1,220 ( 9.0%) |
| Median Home Value | $230,438 |
| Average Home Value | $284,544 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
9,279
Multi-Family
3,272
Businesses
762
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BROOKE TEAM AT EXP REALTY • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085809
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.