59 Heather LaneNew 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 59 Heather Lane, New Britain, CT, 06053 with 5% annual appreciation on a $289,900 basis while $2,404/mo rent supports operations. Total monthly income totals $2,404/mo and a $1,419/mo payment preserves $434/mo for cash returns. Annual cash flow comes to $5,210/yr on $96,102 deployed, and return on cash invested reaches 25.33% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,094 alongside rental yield of 9.95%. Five-year ROI measures 132.74% and total cumulative return in cash totals $127,569.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,404/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
5,662 sqft 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: Chrissy Baskerville • The Property Shop CT
Mls Name: Smart MLS
Mls ID: #24136325