40 Cherry StreetHartfordCT06106
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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 40 Cherry Street, Hartford, CT, 06106 priced at $329,900 pairs $2,136/mo rent with after a $1,615/mo payment. Total monthly income equals $2,136/mo. Return on cash invested is 18.75% in year one, and rental yield stands at 7.77% on a $329,900 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,145 by year five. Five-year ROI measures 97.44% and total cumulative return in cash reaches $106,563. For financing, Ziffy Mortgage’s DSCR program evaluates $2,136/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
9,147 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: Anubha Agarwal • Reddy Realty, LLC
Mls Name: Smart MLS
Mls ID: #24101618