24 Manor CircleEast HartfordCT06118
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 24 Manor Circle, East Hartford, CT, 06118 in East Hartford speaks for itself: 12.69% gross on a $285,000 price, generating $3,014/mo in rent and $1,035/mo in net income after the $1,282/mo debt service. DSCR 2.35, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,420 stacks alongside $78,740 in projected five-year appreciation and $2,625/yr in principal reduction. Projected total cumulative return: $175,583.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 6.5% |
| Monthly Cash Flow | $1,035 | $1,250 |
City averages based on East Hartford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,014 |
| Total Monthly Debt Service | $1,866 |
| DSCR Ratio | 1.62x |
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.
Single Family
Built in 1953
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06118, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,248 (100%) |
| Owner Occupied HU | 7,372 (65.5%) |
| Renter Occupied HU | 3,462 (30.8%) |
| Vacant Housing Units | 414 ( 3.7%) |
| Median Home Value | $252,332 |
| Average Home Value | $271,501 |
Housing Distribution
Address Breakdown
Residential
11,297
Single Family
9,445
Multi-Family
1,852
Businesses
272
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 1953
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06118, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,248 (100%) |
| Owner Occupied HU | 7,372 (65.5%) |
| Renter Occupied HU | 3,462 (30.8%) |
| Vacant Housing Units | 414 ( 3.7%) |
| Median Home Value | $252,332 |
| Average Home Value | $271,501 |
Housing Distribution
Address Breakdown
Residential
11,297
Single Family
9,445
Multi-Family
1,852
Businesses
272
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dorie Bellemare • RE/MAX RISE
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24111231
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.