8 Danforth Lane #8West HartfordCT06110
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 8 Danforth Lane #8, West Hartford, CT, 06110 in West Hartford at $299,000 earns $2,198/mo in rent and nets $167/mo after the $1,344/mo payment, a 8.82% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $82,608 over five years. Ziffy Mortgage underwrites this on a 1.64 DSCR without U.S. credit history. With $2,754/yr in principal paydown, total projected return reaches $124,908.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 4.5% |
| Monthly Cash Flow | $167 | $1,850 |
City averages based on West Hartford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,198 |
| Total Monthly Debt Service | $1,913 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monte Henderson • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24123120