307 New Park AveHartfordCT06106
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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 Hartford at 307 New Park Ave, Hartford, CT, 06106 listed at $339,999 pairs $2,760/mo rent with a $1,664/mo payment to leave $450/mo cash flow. Total monthly income runs $2,760/mo, and annual cash flow reaches $5,400/yr on $112,710 cash to close. Return on cash invested measures 24.7% in year one, and rental yield registers 9.74% at a $339,999 basis. Equity gained on principal adds $2,194/yr, and annual property appreciation at 5% supports $93,935 by year five. Five-year ROI tracks 129.32% and total cumulative return in cash totals $145,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,760/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06106, Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,400 (100%) |
| Owner Occupied HU | 3,313 (20.2%) |
| Renter Occupied HU | 11,191 (68.2%) |
| Vacant Housing Units | 1,896 (11.6%) |
| Median Home Value | $237,483 |
| Average Home Value | $287,007 |
Housing Distribution
Address Breakdown
Residential
15,293
Single Family
8,907
Multi-Family
6,386
Businesses
1,424
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Listed by: Cliff Kamais • Vision Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083915
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.