236 Ridgewood RoadWest HartfordCT06107
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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 West Hartford at 236 Ridgewood Road, West Hartford, CT, 06107 priced at $599,000 pairs $4,376/mo rent with $306/mo cash flow after a $2,932/mo payment. Total monthly income equals $4,376/mo, and annual cash flow comes to $3,671/yr on $197,071 invested. Return on cash invested is 21.92% in year one, and rental yield stands at 8.77% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 114.41% and total cumulative return in cash reaches $225,466. For financing, Ziffy Mortgage’s DSCR program evaluates $4,376/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06107, W Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,120 (100%) |
| Owner Occupied HU | 6,520 (80.3%) |
| Renter Occupied HU | 1,322 (16.3%) |
| Vacant Housing Units | 278 ( 3.4%) |
| Median Home Value | $484,362 |
| Average Home Value | $517,390 |
Housing Distribution
Address Breakdown
Residential
7,911
Single Family
6,960
Multi-Family
951
Businesses
731
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Listed by: Dawn M. Gagliardi • Serhant Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24131372