6 Cherry StreetEast HartfordCT06108
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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
Rental property for sale in East Hartford at 6 Cherry Street, East Hartford, CT, 06108 offers $2,753/mo rent that, after a $1,566/mo payment, leaves $579/mo cash flow. Total monthly income is $2,753/mo, and annual cash flow is $6,948/yr on $106,080 cash. Return on cash invested measures 26.46% in year one, and rental yield stands at 10.32% at a $320,000 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,410 by year five. Five-year ROI records 138.74% and total cumulative return in cash reaches $147,171. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,753/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06108, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,171 (100%) |
| Owner Occupied HU | 4,435 (43.6%) |
| Renter Occupied HU | 5,074 (49.9%) |
| Vacant Housing Units | 662 ( 6.5%) |
| Median Home Value | $262,362 |
| Average Home Value | $309,127 |
Housing Distribution
Address Breakdown
Residential
9,529
Single Family
7,067
Multi-Family
2,462
Businesses
1,140
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Listed by: Natalie Zoef • Vanguard Private Client Grp
Mls Name: Smart MLS
Mls ID: #24127615