24 Pentlow AvenueNew BritainCT06053
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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
Investment property for sale in New Britain at 24 Pentlow Avenue, New Britain, CT, 06053 uses $64,642 cash to close to unlock $2,394/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,524/mo, and a $954/mo payment keeps the spread at $200/mo. Purchase price stands at $194,999, and rental yield measures 9.38% with $1,524/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 123.54% and total cumulative return in cash records $79,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,524/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1954
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06053, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,776 (100%) |
| Owner Occupied HU | 6,790 (46.0%) |
| Renter Occupied HU | 7,041 (47.7%) |
| Vacant Housing Units | 945 ( 6.4%) |
| Median Home Value | $239,929 |
| Average Home Value | $277,573 |
Housing Distribution
Address Breakdown
Residential
13,907
Single Family
11,194
Multi-Family
2,713
Businesses
444
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Listed by: Monica Palmerie • RE/MAX RISE
Mls Name: Smart MLS
Mls ID: #24150905