390 Eddy Glover BoulevardNew BritainCT06053
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 390 Eddy Glover Boulevard, New Britain, CT, 06053 priced at $319,000 pairs $2,185/mo rent with $18/mo cash flow after a $1,561/mo payment. Total monthly income equals $2,185/mo, and annual cash flow comes to $215/yr on $105,749 invested. Return on cash invested is 20.11% in year one, and rental yield stands at 8.22% on a $319,000 basis. Equity gained on principal adds $2,058/yr, and 5% annual appreciation accumulates to $88,134 by year five. Five-year ROI measures 104.72% and total cumulative return in cash reaches $110,737. For financing, Ziffy Mortgage’s DSCR program evaluates $2,185/mo property income against a $1,561/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennie Kesselman • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24116804