34 7th StreetNewingtonCT06111
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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 Newington at 34 7th Street, Newington, CT, 06111 offers $2,719/mo rent that, after a $1,948/mo payment, leaves $15/mo cash flow. Total monthly income is $2,719/mo, and annual cash flow is $178/yr on $131,937 cash. Return on cash invested measures 20.04% in year one, and rental yield stands at 8.2% at a $398,000 entry. Equity gained on principal adds $2,568/yr while 5% annual appreciation compounds into $109,960 by year five. Five-year ROI records 104.36% and total cumulative return in cash reaches $137,688. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,719/mo property income versus a $1,948/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1954
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Michele M. Devanney • ERA Hart Sargis-Breen
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096344
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.