40 Babcock StHartfordCT06106
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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 Hartford at 40 Babcock St, Hartford, CT, 06106 with 5% annual appreciation on a $155,100 basis while $1,627/mo rent supports operations. Total monthly income totals $1,627/mo and a $759/mo payment preserves $475/mo for cash returns. Annual cash flow comes to $5,706/yr on $51,416 deployed, and return on cash invested reaches 31.01% in year one. Equity gained on principal adds $1,001/yr, and five-year appreciation sums $42,851 alongside rental yield of 12.59%. Five-year ROI measures 164.03% and total cumulative return in cash totals $84,335.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,627/mo property income versus a $759/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1880
4,356 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: Robert W. Roya Jr. • Aspen Realty Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081619
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.