482 East StreetNew BritainCT06051
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 482 East Street, New Britain, CT, 06051 at $479,000 posts ROI 9.49% with from $1,876/mo rent. Total monthly income equals $1,876/mo. Return on cash invested measures 9.49% and rental yield reads 4.7% at the current $479,000. Equity gained on principal adds $3,091/yr, and 5% annual appreciation supports $132,339 by year five. Five-year ROI prints 47.79% and total cumulative return in cash totals $75,879. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,876/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1920
0.25 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Sotelo • LPT Realty
Mls Name: Smart MLS
Mls ID: #24148262