48 Leona LnNew 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
Rental property for sale in New Britain at 48 Leona Ln, New Britain, CT, 06053 priced at $249,900 converts $1,756/mo rent into after a $1,223/mo obligation. Total monthly income equals $1,756/mo. Return on cash invested prints 17.83% in year one, and rental yield reads 8.43% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 93.56% and total cumulative return in cash sums $77,510. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,756/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.49 Acres lot
$N/A/sqft
No 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: Michelle Drinkwine • Lock and Key Realty, Inc
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24080556
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.