7 Suffolk DriveEast 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 Suffolk Drive, East Hartford, CT, 06118 uses $66,267 cash to close to unlock $7,833/yr annual cash flow and $653/mo monthly cash flow. Total monthly income runs $2,095/mo, and a $978/mo payment keeps the spread at $653/mo. Purchase price stands at $199,900, and rental yield measures 12.58% with $2,095/mo rent. Return on cash invested shows 31.73% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 167.58% and total cumulative return in cash records $111,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,095/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1941
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: Anthony Taylor • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24108277
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.