29 Shady LaneEast 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
Rental property for sale in East Hartford at 29 Shady Lane, East Hartford, CT, 06118 generates $2,311/mo in rent and, after a $1,659/mo payment, leaves $8/mo in cash flow. Total monthly income is $2,311/mo, and annual cash flow is $95/yr on $112,379 invested. Return on cash invested sits at 19.99% in year one, and rental yield is 8.18% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 104.08% and total cumulative return in cash sums $116,968. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,311/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
8,712 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: Maria Rivera • eXp Realty
Mls Name: Smart MLS
Mls ID: #24145448