246 Steele RoadWest HartfordCT06117
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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 West Hartford at 246 Steele Road, West Hartford, CT, 06117 uses $193,781 cash to close to unlock $12,011/yr annual cash flow and $1,001/mo monthly cash flow. Total monthly income runs $5,003/mo, and a $2,883/mo payment keeps the spread at $1,001/mo. Purchase price stands at $589,000, and rental yield measures 10.19% with $5,003/mo rent. Return on cash invested shows 26.26% in year one, and 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 137.65% and total cumulative return in cash records $266,738. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,003/mo property income covering a $2,883/mo payment rather than investor’s personal income.
Single Family
Built in 1926
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06117, W Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,230 (100%) |
| Owner Occupied HU | 4,705 (75.5%) |
| Renter Occupied HU | 1,232 (19.8%) |
| Vacant Housing Units | 293 ( 4.7%) |
| Median Home Value | $481,614 |
| Average Home Value | $522,298 |
Housing Distribution
Address Breakdown
Residential
6,090
Single Family
5,130
Multi-Family
960
Businesses
174
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Listed by: Melissa Kiehl • KW Legacy Partners
Mls Name: Smart MLS
Mls ID: #24147293