240 Washington StreetNew BritainCT06051
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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 240 Washington Street, New Britain, CT, 06051 earns from $1,876/mo rent with a $4,111/mo payment. Total monthly income totals $1,876/mo. ROI tracks 3.42% on current figures, and rental yield reads 2.68% at a $839,900 purchase. Equity gained on principal adds $5,420/yr, and 5% annual appreciation supports $232,049 over five years. Five-year ROI reaches 15.22% and total cumulative return in cash sums $42,067. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,876/mo property income instead of your personal income.
Multi Family
Built in 1910
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06051, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,514 (100%) |
| Owner Occupied HU | 3,444 (25.5%) |
| Renter Occupied HU | 8,850 (65.5%) |
| Vacant Housing Units | 1,220 ( 9.0%) |
| Median Home Value | $230,438 |
| Average Home Value | $284,544 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
9,279
Multi-Family
3,272
Businesses
762
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Listed by: Amanda R. Faroni-Sheehan • Oxford Realty
Mls Name: Smart MLS
Mls ID: #24124795