53 Northfield DriveEast HartfordCT06118
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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 East Hartford at 53 Northfield Drive, East Hartford, CT, 06118 with 5% annual appreciation on a $459,999 basis while $3,544/mo rent supports operations. Total monthly income totals $3,544/mo and a $2,251/mo payment preserves $419/mo for cash returns. Annual cash flow comes to $5,028/yr on $152,490 deployed, and return on cash invested reaches 23.21% in year one. Equity gained on principal adds $2,968/yr, and five-year appreciation sums $127,089 alongside rental yield of 9.25%. Five-year ROI measures 121.3% and total cumulative return in cash totals $184,969.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,544/mo property income versus a $2,251/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06118, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,248 (100%) |
| Owner Occupied HU | 7,372 (65.5%) |
| Renter Occupied HU | 3,462 (30.8%) |
| Vacant Housing Units | 414 ( 3.7%) |
| Median Home Value | $252,332 |
| Average Home Value | $271,501 |
Housing Distribution
Address Breakdown
Residential
11,297
Single Family
9,445
Multi-Family
1,852
Businesses
272
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Listed by: Donna Genovese • Great Estates, CT
Mls Name: Smart MLS
Mls ID: #24149626