385 Columbus BoulevardNew BritainCT06051
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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 New Britain at 385 Columbus Boulevard, New Britain, CT, 06051 uses $94,478 cash to close to unlock $7,422/yr annual cash flow and $619/mo monthly cash flow. Total monthly income runs $2,555/mo, and a $1,395/mo payment keeps the spread at $619/mo. Purchase price stands at $285,000, and rental yield measures 10.76% with $2,555/mo rent. Return on cash invested shows 27.76% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 145.78% and total cumulative return in cash records $137,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,555/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1870
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06051, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,514 (100%) |
| Owner Occupied HU | 3,444 (25.5%) |
| Renter Occupied HU | 8,850 (65.5%) |
| Vacant Housing Units | 1,220 ( 9.0%) |
| Median Home Value | $230,438 |
| Average Home Value | $284,544 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
9,279
Multi-Family
3,272
Businesses
762
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Listed by: Shari Jones • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24142240