29 Risley StreetEast HartfordCT06118
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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 East Hartford at 29 Risley Street, East Hartford, CT, 06118 uses $92,820 cash to close to unlock $8,007/yr annual cash flow and $667/mo monthly cash flow. Total monthly income runs $2,594/mo, and a $1,370/mo payment keeps the spread at $667/mo. Purchase price stands at $279,999, and rental yield measures 11.12% with $2,594/mo rent. Return on cash invested shows 28.54% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 150.05% and total cumulative return in cash records $139,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,594/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1949
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06118, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,248 (100%) |
| Owner Occupied HU | 7,372 (65.5%) |
| Renter Occupied HU | 3,462 (30.8%) |
| Vacant Housing Units | 414 ( 3.7%) |
| Median Home Value | $252,332 |
| Average Home Value | $271,501 |
Housing Distribution
Address Breakdown
Residential
11,297
Single Family
9,445
Multi-Family
1,852
Businesses
272
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Listed by: Roberta Romeo Shannon • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097875
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