8 Danforth Lane #8West HartfordCT06110
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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 West Hartford at 8 Danforth Lane #8, West Hartford, CT, 06110 uses $99,119 cash to close to unlock $2,003/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $2,198/mo, and a $1,463/mo payment keeps the spread at $167/mo. Purchase price stands at $299,000, and rental yield measures 8.82% with $2,198/mo rent. Return on cash invested shows 21.93% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 114.47% and total cumulative return in cash records $113,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,198/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06110, W Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,195 (100%) |
| Owner Occupied HU | 3,242 (62.4%) |
| Renter Occupied HU | 1,739 (33.5%) |
| Vacant Housing Units | 214 ( 4.1%) |
| Median Home Value | $297,148 |
| Average Home Value | $317,715 |
Housing Distribution
Address Breakdown
Residential
5,488
Single Family
4,595
Multi-Family
893
Businesses
625
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Listed by: Monte Henderson • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24123120