642 Silver LaneEast HartfordCT06118
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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 East Hartford at 642 Silver Lane, East Hartford, CT, 06118 listed at $132,925 pairs $999/mo rent with a $651/mo payment to leave $95/mo cash flow. Total monthly income runs $999/mo, and annual cash flow reaches $1,145/yr on $44,065 cash to close. Return on cash invested measures 22.51% in year one, and rental yield registers 9.02% at a $132,925 basis. Equity gained on principal adds $858/yr, and annual property appreciation at 5% supports $36,725 by year five. Five-year ROI tracks 117.64% and total cumulative return in cash totals $51,837. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $999/mo property income relative to a $651/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06118, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,248 (100%) |
| Owner Occupied HU | 7,372 (65.5%) |
| Renter Occupied HU | 3,462 (30.8%) |
| Vacant Housing Units | 414 ( 3.7%) |
| Median Home Value | $252,332 |
| Average Home Value | $271,501 |
Housing Distribution
Address Breakdown
Residential
11,297
Single Family
9,445
Multi-Family
1,852
Businesses
272
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Listed by: Fabian M. Weir • PrefeQ Realty
Mls Name: Smart MLS
Mls ID: #24130583