71 Pennsylvania AvenueNew BritainCT06052
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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 New Britain at 71 Pennsylvania Avenue, New Britain, CT, 06052 with 5% annual appreciation on a $339,900 basis while $2,991/mo rent supports operations. Total monthly income totals $2,991/mo and a $1,664/mo payment preserves $681/mo for cash returns. Annual cash flow comes to $8,174/yr on $112,677 deployed, and return on cash invested reaches 27.16% in year one. Equity gained on principal adds $2,193/yr, and five-year appreciation sums $93,908 alongside rental yield of 10.56%. Five-year ROI measures 142.57% and total cumulative return in cash totals $160,643.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,991/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1942
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06052, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,586 (100%) |
| Owner Occupied HU | 1,896 (52.9%) |
| Renter Occupied HU | 1,387 (38.7%) |
| Vacant Housing Units | 303 ( 8.4%) |
| Median Home Value | $305,235 |
| Average Home Value | $368,505 |
Housing Distribution
Address Breakdown
Residential
3,188
Single Family
2,811
Multi-Family
377
Businesses
182
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Listed by: Jessica Boswell • LPT Realty
Mls Name: Smart MLS
Mls ID: #24137058