39 Terrace AveEast HartfordCT06108
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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 39 Terrace Ave, East Hartford, CT, 06108 priced at $240,000 converts $2,927/mo rent into $1,253/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,927/mo, and annual cash flow totals $15,031/yr on $79,560 invested. Return on cash invested prints 38.8% in year one, and rental yield reads 14.64% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 205.19% and total cumulative return in cash sums $163,250. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,927/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1928
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06108, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,171 (100%) |
| Owner Occupied HU | 4,435 (43.6%) |
| Renter Occupied HU | 5,074 (49.9%) |
| Vacant Housing Units | 662 ( 6.5%) |
| Median Home Value | $262,362 |
| Average Home Value | $309,127 |
Housing Distribution
Address Breakdown
Residential
9,529
Single Family
7,067
Multi-Family
2,462
Businesses
1,140
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Listed by: Feery Team at Berkshire Hathaway HomeSerivices New England Properties • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24052818
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