47 May StreetNew BritainCT06052
Nearby investment properties with comparable rents
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
Investment property for sale in New Britain at 47 May Street, New Britain, CT, 06052 earns $18/mo cash flow from $2,157/mo rent with a $1,541/mo payment. Total monthly income totals $2,157/mo, and annual cash flow totals $212/yr on $104,389 capital. ROI tracks 20.11% on current figures, and rental yield reads 8.22% at a $314,900 purchase. Equity gained on principal adds $2,032/yr, and 5% annual appreciation supports $87,001 over five years. Five-year ROI reaches 104.73% and total cumulative return in cash sums $109,330. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,157/mo property income instead of your personal income.
Single Family
Built in 1921
7,405 sqft 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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Nearby investment properties with comparable prices
Listed by: Jessica Gerratana • Joseph F. Scheyd Agency
Mls Name: Smart MLS
Mls ID: #24117614