31 High Street #3104East 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 31 High Street #3104, East Hartford, CT, 06118 generates $2,191/mo in rent and, after a $935/mo payment, leaves $496/mo in cash flow. Total monthly income is $2,191/mo, and annual cash flow is $5,953/yr on $63,317 invested. Return on cash invested sits at 29.31% in year one, and rental yield is 13.77% on a $191,000 entry. Equity gained on principal adds $1,232/yr, while 5% annual appreciation builds toward $52,770 over five years. Five-year ROI reaches 156.85% and total cumulative return in cash sums $99,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,191/mo property income rather than buyer’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$397 monthly 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: Alison Malkin • Essentia Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095721
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.