89 Honey Hill RoadNew HartfordCT06057
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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 New Hartford at 89 Honey Hill Road, New Hartford, CT, 06057 priced at $825,000 converts $6,370/mo rent into $765/mo cash flow after a $4,038/mo obligation. Total monthly income equals $6,370/mo, and annual cash flow totals $9,174/yr on $271,425 invested. Return on cash invested prints 23.44% in year one, and rental yield reads 9.27% against a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation compiles into $227,932 by year five. Five-year ROI reaches 122.55% and total cumulative return in cash sums $332,637. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,370/mo property income covering a $4,038/mo payment, not borrower’s personal income.
Single Family
Built in 1994
1.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06057, New Hartford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,904 (100%) |
| Owner Occupied HU | 2,295 (79.0%) |
| Renter Occupied HU | 327 (11.3%) |
| Vacant Housing Units | 282 ( 9.7%) |
| Median Home Value | $405,658 |
| Average Home Value | $434,193 |
Housing Distribution
Address Breakdown
Residential
2,534
Single Family
2,387
Multi-Family
147
Businesses
171
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Listed by: Kevin D. Rockoff • Rockoff Realty
Mls Name: Smart MLS
Mls ID: #24110755