7 Ironwood Ln #7West HartfordCT06117
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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 West Hartford at 7 Ironwood Ln #7, West Hartford, CT, 06117 priced at $415,000 converts $4,068/mo rent into $668/mo cash flow after a $2,031/mo obligation. Total monthly income equals $4,068/mo, and annual cash flow totals $8,010/yr on $137,573 invested. Return on cash invested prints 25.73% in year one, and rental yield reads 11.76% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 136.7% and total cumulative return in cash sums $188,061. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,068/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$581 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06117, W Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,230 (100%) |
| Owner Occupied HU | 4,705 (75.5%) |
| Renter Occupied HU | 1,232 (19.8%) |
| Vacant Housing Units | 293 ( 4.7%) |
| Median Home Value | $481,614 |
| Average Home Value | $522,298 |
Housing Distribution
Address Breakdown
Residential
6,090
Single Family
5,130
Multi-Family
960
Businesses
174
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Listed by: Lauren Sells Team at Keller Williams Legacy Partners • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24055494
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