237 Farmington Avenue #BHartfordCT06105
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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 Hartford at 237 Farmington Avenue #B, Hartford, CT, 06105 priced at $135,000 pairs $1,032/mo rent with $115/mo cash flow after a $661/mo payment. Total monthly income equals $1,032/mo, and annual cash flow comes to $1,374/yr on $44,753 invested. Return on cash invested is 22.98% in year one, and rental yield stands at 9.17% on a $135,000 basis. Equity gained on principal adds $871/yr, and 5% annual appreciation accumulates to $37,298 by year five. Five-year ROI measures 120.16% and total cumulative return in cash reaches $53,773. For financing, Ziffy Mortgage’s DSCR program evaluates $1,032/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1869
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06105, Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,128 (100%) |
| Owner Occupied HU | 1,427 (12.8%) |
| Renter Occupied HU | 8,410 (75.6%) |
| Vacant Housing Units | 1,291 (11.6%) |
| Median Home Value | $396,006 |
| Average Home Value | $421,967 |
Housing Distribution
Address Breakdown
Residential
10,750
Single Family
2,790
Multi-Family
7,960
Businesses
636
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Listed by: Lavanya Bobba • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24133180