816 Burnside 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
Investment property for sale in East Hartford at 816 Burnside Avenue, East Hartford, CT, 06108 with 5% annual appreciation on a $399,900 basis while $2,380/mo rent supports operations. 86% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 7.14%. Five-year ROI measures 87.31% and total cumulative return in cash totals $115,748. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,380/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1925
6,098 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: Daniel Alvarado • Executive Real Estate Inc.
Mls Name: Smart MLS
Mls ID: #24147660