59 Lovelace DriveWest HartfordCT06117
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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 59 Lovelace Drive, West Hartford, CT, 06117 offers a 10.41% rental yield on a $555,000 purchase with $4,813/mo rent. Total monthly income registers $4,813/mo, and a $2,716/mo payment leaves $1,043/mo available for distribution. Annual cash flow reaches $12,510/yr on $182,595 to close, and return on cash invested stands at 26.91% in year one. Equity gained on principal adds $3,581/yr while 5% annual appreciation supports $153,336 over five years. Portfolio math shows five-year ROI at 141.16% and total cumulative return in cash at $257,756. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,813/mo property income against a $2,716/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06117, W Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,230 (100%) |
| Owner Occupied HU | 4,705 (75.5%) |
| Renter Occupied HU | 1,232 (19.8%) |
| Vacant Housing Units | 293 ( 4.7%) |
| Median Home Value | $481,614 |
| Average Home Value | $522,298 |
Housing Distribution
Address Breakdown
Residential
6,090
Single Family
5,130
Multi-Family
960
Businesses
174
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Listed by: Julia White • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24116885
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.