407 Glen StreetNew BritainCT06051
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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 New Britain at 407 Glen Street, New Britain, CT, 06051 offers $2,344/mo rent that, after a $1,370/mo payment, leaves $442/mo cash flow. Total monthly income is $2,344/mo, and annual cash flow is $5,304/yr on $92,820 cash. Return on cash invested measures 25.62% in year one, and rental yield stands at 10.05% at a $279,999 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 134.27% and total cumulative return in cash reaches $124,628. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,344/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06051, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,514 (100%) |
| Owner Occupied HU | 3,444 (25.5%) |
| Renter Occupied HU | 8,850 (65.5%) |
| Vacant Housing Units | 1,220 ( 9.0%) |
| Median Home Value | $230,438 |
| Average Home Value | $284,544 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
9,279
Multi-Family
3,272
Businesses
762
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Listed by: Bill Labrecque • SalCal Real Estate Connections
Mls Name: Smart MLS
Mls ID: #24127837