7 Montauk RoadEast 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 7 Montauk Road, East Hartford, CT, 06118 uses $41,438 cash to close to unlock $1,170/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $947/mo, and a $612/mo payment keeps the spread at $98/mo. Purchase price stands at $125,000, and rental yield measures 9.09% with $947/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 118.83% and total cumulative return in cash records $49,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $947/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 2014
N/A 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: Jamie R. Bell • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24118925