66 Redding StreetHartfordCT06114
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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 Hartford at 66 Redding Street, Hartford, CT, 06114 priced at $200,000 converts $1,335/mo rent into after a $979/mo obligation. Total monthly income equals $1,335/mo. Return on cash invested prints 19.47% in year one, and rental yield reads 8.01% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 101.3% and total cumulative return in cash sums $67,160. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,335/mo property income covering a $979/mo payment, not borrower’s personal income.
Townhouse
Built in 1918
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06114, Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,782 (100%) |
| Owner Occupied HU | 2,825 (26.2%) |
| Renter Occupied HU | 6,956 (64.5%) |
| Vacant Housing Units | 1,001 ( 9.3%) |
| Median Home Value | $268,278 |
| Average Home Value | $309,971 |
Housing Distribution
Address Breakdown
Residential
9,943
Single Family
7,019
Multi-Family
2,924
Businesses
840
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Listed by: Diane M. Bonney • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24146174