64 8th StreetNewingtonCT06111
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
Rental property for sale in Newington at 64 8th Street, Newington, CT, 06111 priced at $329,900 converts $2,742/mo rent into $500/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,742/mo, and annual cash flow totals $6,002/yr on $109,362 invested. Return on cash invested prints 25.4% in year one, and rental yield reads 9.97% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 133.1% and total cumulative return in cash sums $145,563. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,742/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Multi Family
Built in 1955
0.28 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: Paula Kendall • Country Manor Realty
Mls Name: Smart MLS
Mls ID: #24147261