42 Prospect StreetNew BritainCT06051
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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 42 Prospect Street, New Britain, CT, 06051 priced at $425,000 converts $1,950/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,950/mo. Return on cash invested prints 11.92% in year one, and rental yield reads 5.51% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 60.83% and total cumulative return in cash sums $85,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,950/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Multi Family
Built in 1880
6,969 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: Ryan Bollard • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24136214