74 Terrace AvenueEast HartfordCT06108
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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 East Hartford at 74 Terrace Avenue, East Hartford, CT, 06108 generates $1,562/mo in rent and, after a $954/mo payment, leaves $238/mo in cash flow. Total monthly income is $1,562/mo, and annual cash flow is $2,852/yr on $64,609 invested. Return on cash invested sits at 24.32% in year one, and rental yield is 9.62% on a $194,900 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 127.32% and total cumulative return in cash sums $82,263. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,562/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06108, East Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,171 (100%) |
| Owner Occupied HU | 4,435 (43.6%) |
| Renter Occupied HU | 5,074 (49.9%) |
| Vacant Housing Units | 662 ( 6.5%) |
| Median Home Value | $262,362 |
| Average Home Value | $309,127 |
Housing Distribution
Address Breakdown
Residential
9,529
Single Family
7,067
Multi-Family
2,462
Businesses
1,140
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Listed by: Jeffrey A. Rothman • eXp Realty
Mls Name: Smart MLS
Mls ID: #24148415