506 Burnside AvenueEast HartfordCT06108
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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 East Hartford at 506 Burnside Avenue, East Hartford, CT, 06108 priced at $374,900 pairs $2,748/mo rent with $201/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,748/mo, and annual cash flow comes to $2,408/yr on $124,279 invested. Return on cash invested is 21.85% in year one, and rental yield stands at 8.8% on a $374,900 basis. Equity gained on principal adds $2,419/yr, and 5% annual appreciation accumulates to $103,578 by year five. Five-year ROI measures 114.03% and total cumulative return in cash reaches $141,715. For financing, Ziffy Mortgage’s DSCR program evaluates $2,748/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1918
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06108, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,171 (100%) |
| Owner Occupied HU | 4,435 (43.6%) |
| Renter Occupied HU | 5,074 (49.9%) |
| Vacant Housing Units | 662 ( 6.5%) |
| Median Home Value | $262,362 |
| Average Home Value | $309,127 |
Housing Distribution
Address Breakdown
Residential
9,529
Single Family
7,067
Multi-Family
2,462
Businesses
1,140
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Listed by: Luan Phan • Eraway Realty
Mls Name: Smart MLS
Mls ID: #24119675