24 Dings RoadNew HartfordCT06057
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder24 Dings Road, New Hartford, CT, 06057 in New Hartford is a stable, well-positioned rental at $940,000. Rental yield 7.04%. DSCR 1.30 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $259,705 in value and $8,657/yr in principal paydown builds equity, a total projected return of $302,587.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.0% |
| Monthly Cash Flow | $(875) | $300 |
City averages based on New Hartford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,512 |
| Total Monthly Debt Service | $6,013 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1832
6.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06057, New Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,904 (100%) |
| Owner Occupied HU | 2,295 (79.0%) |
| Renter Occupied HU | 327 (11.3%) |
| Vacant Housing Units | 282 ( 9.7%) |
| Median Home Value | $405,658 |
| Average Home Value | $434,193 |
Housing Distribution
Address Breakdown
Residential
2,534
Single Family
2,387
Multi-Family
147
Businesses
171
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
Single Family
Built in 1832
6.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06057, New Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,904 (100%) |
| Owner Occupied HU | 2,295 (79.0%) |
| Renter Occupied HU | 327 (11.3%) |
| Vacant Housing Units | 282 ( 9.7%) |
| Median Home Value | $405,658 |
| Average Home Value | $434,193 |
Housing Distribution
Address Breakdown
Residential
2,534
Single Family
2,387
Multi-Family
147
Businesses
171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Roller • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090909
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.