53 Park DriveNew 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
Investment property for sale in New Britain at 53 Park Drive, New Britain, CT, 06053 offers a 10.67% rental yield on a $469,900 purchase with $4,178/mo rent. Total monthly income registers $4,178/mo, and a $2,300/mo payment leaves $985/mo available for distribution. Annual cash flow reaches $11,822/yr on $155,772 to close, and return on cash invested stands at 27.5% in year one. Equity gained on principal adds $3,032/yr while 5% annual appreciation supports $129,825 over five years. Portfolio math shows five-year ROI at 144.35% and total cumulative return in cash at $224,858. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,178/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.79 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: Roger M. Veilleux • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24124379