45 Park Place APT 205New BritainCT06052
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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 45 Park Place APT 205, New Britain, CT, 06052 earns $113/mo cash flow from $1,132/mo rent with a $734/mo payment. Total monthly income totals $1,132/mo, and annual cash flow totals $1,358/yr on $49,692 capital. ROI tracks 22.64% on current figures, and rental yield reads 9.06% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 118.4% and total cumulative return in cash sums $58,835. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,132/mo property income instead of your personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06052, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,586 (100%) |
| Owner Occupied HU | 1,896 (52.9%) |
| Renter Occupied HU | 1,387 (38.7%) |
| Vacant Housing Units | 303 ( 8.4%) |
| Median Home Value | $305,235 |
| Average Home Value | $368,505 |
Housing Distribution
Address Breakdown
Residential
3,188
Single Family
2,811
Multi-Family
377
Businesses
182
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Listed by: Deborah W. Chessari • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24139534