309 New Hartford RoadBarkhamstedCT06063
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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 Barkhamsted at 309 New Hartford Road, Barkhamsted, CT, 06063 offers $1,826/mo rent that, after a $1,272/mo payment, leaves $60/mo cash flow. Total monthly income is $1,826/mo, and annual cash flow is $722/yr on $86,157 cash. Return on cash invested measures 20.75% in year one, and rental yield stands at 8.43% at a $259,900 entry. Equity gained on principal adds $1,677/yr while 5% annual appreciation compounds into $71,806 by year five. Five-year ROI records 108.18% and total cumulative return in cash reaches $93,202. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,826/mo property income versus a $1,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06063, Barkhamsted, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,440 (100%) |
| Owner Occupied HU | 1,216 (84.4%) |
| Renter Occupied HU | 139 ( 9.7%) |
| Vacant Housing Units | 85 ( 5.9%) |
| Median Home Value | $363,246 |
| Average Home Value | $410,080 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,287
Multi-Family
0
Businesses
81
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Listed by: Scott A. Bayne • Century 21 Bay-Mar Realty
Mls Name: Smart MLS
Mls ID: #24147659