603 New Britain AvenueNewingtonCT06111
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newington at 603 New Britain Avenue, Newington, CT, 06111 with 5% annual appreciation on a $299,900 basis while $2,097/mo rent supports operations. Total monthly income totals $2,097/mo and a $1,468/mo payment preserves $59/mo for cash returns. Annual cash flow comes to $710/yr on $99,417 deployed, and return on cash invested reaches 20.62% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 8.39%. Five-year ROI measures 107.49% and total cumulative return in cash totals $106,864.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,097/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1922
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cathleen B. Hall • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24113690