24 Merrill Street APT B5, Hartford, CT, 06106 | $92/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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24 Merrill Street APT B5, Hartford, CT, 06106 | $92/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hartford at 24 Merrill Street APT B5, Hartford, CT, 06106 priced at $119,000 pairs $900/mo rent with $92/mo cash flow after a $582/mo payment. Total monthly income equals $900/mo, and annual cash flow comes to $1,103/yr on $39,449 invested. Return on cash invested is 22.7% in year one, and rental yield stands at 9.08% on a $119,000 basis. Equity gained on principal adds $768/yr, and 5% annual appreciation accumulates to $32,878 by year five. Five-year ROI measures 118.62% and total cumulative return in cash reaches $46,793. For financing, Ziffy Mortgage’s DSCR program evaluates $900/mo property income against a $582/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Move-in ready 2-bedroom, 1-bath condo offering 849 sq ft in Hartford's vibrant Parkville neighborhood. This bright unit features an open living area, a functional kitchen, and generous storage throughout. Conveniently located near shopping, dining, public transit, and major highways, with Bushnell Park and the Parkville Market just minutes away. A great choice for investors, offering strong rental potential with estimated monthly rents of $1,500 and a proven history of consistent appreciation, it combines low-maintenance living with a prime location in a well-connected, growing community. Whether you're looking to generate steady rental income while building equity or seeking affordable homeownership, this property delivers exceptional long-term value.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06106, Hartford, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,400 (100%)
Owner Occupied HU	3,313 (20.2%)
Renter Occupied HU	11,191 (68.2%)
Vacant Housing Units	1,896 (11.6%)
Median Home Value	$237,483
Average Home Value	$287,007