240 Ballard DrWest HartfordCT06119
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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 West Hartford at 240 Ballard Dr, West Hartford, CT, 06119 priced at $499,999 pairs $3,628/mo rent with $231/mo cash flow after a $2,447/mo payment. Total monthly income equals $3,628/mo, and annual cash flow comes to $2,772/yr on $165,750 invested. Return on cash invested is 21.58% in year one, and rental yield stands at 8.71% on a $499,999 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 112.58% and total cumulative return in cash reaches $186,607. For financing, Ziffy Mortgage’s DSCR program evaluates $3,628/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06119, W Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,704 (100%) |
| Owner Occupied HU | 3,503 (45.5%) |
| Renter Occupied HU | 3,656 (47.5%) |
| Vacant Housing Units | 545 ( 7.1%) |
| Median Home Value | $420,367 |
| Average Home Value | $444,353 |
Housing Distribution
Address Breakdown
Residential
7,216
Single Family
4,719
Multi-Family
2,497
Businesses
330
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Listed by: Mack Ray • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24074822
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.