588 Fern StreetWest HartfordCT06107
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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 West Hartford at 588 Fern Street, West Hartford, CT, 06107 with 5% annual appreciation on a $445,000 basis while $3,622/mo rent supports operations. Total monthly income totals $3,622/mo and a $2,178/mo payment preserves $414/mo for cash returns. Annual cash flow comes to $4,966/yr on $147,518 deployed, and return on cash invested reaches 23.28% in year one. Equity gained on principal adds $2,872/yr, and five-year appreciation sums $122,945 alongside rental yield of 9.77%. Five-year ROI measures 122.23% and total cumulative return in cash totals $180,308.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,622/mo property income versus a $2,178/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06107, W Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,120 (100%) |
| Owner Occupied HU | 6,520 (80.3%) |
| Renter Occupied HU | 1,322 (16.3%) |
| Vacant Housing Units | 278 ( 3.4%) |
| Median Home Value | $484,362 |
| Average Home Value | $517,390 |
Housing Distribution
Address Breakdown
Residential
7,911
Single Family
6,960
Multi-Family
951
Businesses
731
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Listed by: Marshall + OstopTeam at William Raveis Real Estate • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24105421
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.