280 Booth Street #B5New 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 280 Booth Street #B5, New Britain, CT, 06053 offers a 10.28% rental yield on a $239,900 purchase with $2,056/mo rent. Total monthly income registers $2,056/mo, and a $1,174/mo payment leaves $426/mo available for distribution. Annual cash flow reaches $5,114/yr on $79,527 to close, and return on cash invested stands at 26.34% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 138.17% and total cumulative return in cash at $109,879. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,056/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A 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: Jacek Mikolajczyk Team • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24108757