34 Hutchinson StreetNew BritainCT06053
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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 New Britain at 34 Hutchinson Street, New Britain, CT, 06053 priced at $279,900 pairs $2,519/mo rent with $617/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,519/mo, and annual cash flow comes to $7,406/yr on $92,787 invested. Return on cash invested is 27.89% in year one, and rental yield stands at 10.8% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 146.48% and total cumulative return in cash reaches $135,913. For financing, Ziffy Mortgage’s DSCR program evaluates $2,519/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06053, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,776 (100%) |
| Owner Occupied HU | 6,790 (46.0%) |
| Renter Occupied HU | 7,041 (47.7%) |
| Vacant Housing Units | 945 ( 6.4%) |
| Median Home Value | $239,929 |
| Average Home Value | $277,573 |
Housing Distribution
Address Breakdown
Residential
13,907
Single Family
11,194
Multi-Family
2,713
Businesses
444
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Listed by: Jarod R. Stevens • Precision Realty LLC
Mls Name: Smart MLS
Mls ID: #24131111