410 Farmington Avenue Apt M2New BritainCT06053
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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 New Britain at 410 Farmington Avenue Apt M2, New Britain, CT, 06053 earns $385/mo cash flow from $2,297/mo rent with a $1,162/mo payment. Total monthly income totals $2,297/mo, and annual cash flow totals $4,617/yr on $78,731 capital. ROI tracks 25.77% on current figures, and rental yield reads 11.61% at a $237,500 purchase. Equity gained on principal adds $1,533/yr, and 5% annual appreciation supports $65,617 over five years. Five-year ROI reaches 136.75% and total cumulative return in cash sums $107,661. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,297/mo property income instead of your personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$299 monthly 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
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Listed by: Dessiny Johnson • Santana Realty Group LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104571
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.