251 Pershing Avenue, New Britain, CT, 06053 | $587/mo Cash Flow

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1518 sft

3 Over Street, Waterbury, CT, 06708

3 Bed
2 Bath
1482 sft

56 Hoadley St, Naugatuck, CT, 06770

4 Bed
2 Bath
1165 sft

353 S. Main Street, Terryville, CT, 06786

1 Bed
1 Bath
629 sft

839 Main Street APT 17, Torrington, CT, 06790

Nearby investment properties with comparable prices

3 Bed
2 Bath
1974 sft

301 Blackstone Vlg #301, Meriden, CT, 06450

2 Bed
2 Bath
1152 sft

30 Woodglen Drive APT 7B2, Waterbury, CT, 06705

$ 204,900

ROI

Cash Flow/m

2 Bed
1 Bath
952 sft

44 Esquire Drive #C, Manchester, CT, 06042

2 Bed
2 Bath
1140 sft

31 High Street APT 11206, East Hartford, CT, 06118

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in New Britain at 251 Pershing Avenue, New Britain, CT, 06053 priced at $240,000 converts $2,218/mo rent into $587/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,218/mo, and annual cash flow totals $7,044/yr on $79,560 invested. Return on cash invested prints 28.76% in year one, and rental yield reads 11.09% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 151.1% and total cumulative return in cash sums $120,218. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,218/mo property income covering a $1,175/mo payment, not borrower’s personal income.

Single Family

Built in 1953

6,534 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