235 West Main StreetNew BritainCT06052
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
Rental property for sale in New Britain at 235 West Main Street, New Britain, CT, 06052 priced at $499,000 converts $3,963/mo rent into $573/mo cash flow after a $2,442/mo obligation. Total monthly income equals $3,963/mo, and annual cash flow totals $6,875/yr on $165,419 invested. Return on cash invested prints 24.06% in year one, and rental yield reads 9.53% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 125.92% and total cumulative return in cash sums $208,290. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,963/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06052, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,586 (100%) |
| Owner Occupied HU | 1,896 (52.9%) |
| Renter Occupied HU | 1,387 (38.7%) |
| Vacant Housing Units | 303 ( 8.4%) |
| Median Home Value | $305,235 |
| Average Home Value | $368,505 |
Housing Distribution
Address Breakdown
Residential
3,188
Single Family
2,811
Multi-Family
377
Businesses
182
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Listed by: Margaret Mullaney • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24088137