749 Tolland StreetEast HartfordCT06108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 749 Tolland Street, East Hartford, CT, 06108 priced at $305,000 converts $2,084/mo rent into $12/mo cash flow after a $1,493/mo obligation. Total monthly income equals $2,084/mo, and annual cash flow totals $138/yr on $101,108 invested. Return on cash invested prints 20.05% in year one, and rental yield reads 8.2% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 104.38% and total cumulative return in cash sums $105,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,084/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Single Family
Built in 1929
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sean Wilding • LPT Realty - IConn Team
Mls Name: Smart MLS
Mls ID: #24140917