389 Hillside AvenueHartfordCT06106
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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 Hartford at 389 Hillside Avenue, Hartford, CT, 06106 priced at $279,900 converts $2,488/mo rent into $586/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,488/mo, and annual cash flow totals $7,034/yr on $92,787 invested. Return on cash invested prints 27.49% in year one, and rental yield reads 10.67% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 144.32% and total cumulative return in cash sums $133,909. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,488/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1951
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06106, Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,400 (100%) |
| Owner Occupied HU | 3,313 (20.2%) |
| Renter Occupied HU | 11,191 (68.2%) |
| Vacant Housing Units | 1,896 (11.6%) |
| Median Home Value | $237,483 |
| Average Home Value | $287,007 |
Housing Distribution
Address Breakdown
Residential
15,293
Single Family
8,907
Multi-Family
6,386
Businesses
1,424
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Listed by: Andy Adames • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24118201