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$325,000

Sold
8 Lincoln Ave, West Hartford, CT 06117
2 Beds
3 Baths
2,030 Square Feet
0.00 Acres Lot
Built in 1959
Sold
Units n/a
Checked: 13 hours ago
Updated: Jul 02, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
$365
Cap Rate
7.0%
Cash-on-Cash Return
5.9%
Debt Coverage Ratio
1.24
Internal Rate of Return (5 years)
9.7%

Property Description


0.00 Acres Lot
Built in 1959
Sold
Units n/a

Looking to build equity? Look no further! This home makes the perfect owner occupied or investment opportunity. With 2030 square feet of living space on the main level, this brick ranch has so much potential. Listed by the town as a 2 bedroom, the den can easily be converted to a third bedroom. There are also two full baths to service the bedrooms and your guests on the main level. The living room and dining room connect and show promise to be fantatstic spaces. And the kitchen....it is large, has plenty of cabinets and counter space and also leaves the new owner with endless opportunity. The walkout lower level adds another 1500 square feet of partially finished living space along with a half bathroom. This home also has a two car attached garage, central air conditioning with a newer compressor, gas heat, gas hot water heater installed in 2024 and a large laundry room in the lower level. Located in a quiet neighborhood and just a short walk to Bishops Corner and the Troutbrook Trail, convenience will be at your fingertips! Come take a look today and imagine the possibilities.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full, Partially Finished, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: WHARM:F5B:3241L:8
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1959

Tax Information

  • Annual Tax: $9,454

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Hartford

Listing Details


Listed by:
Evan Berman
William Raveis Real Estate
(860) 306-6543

Source:
SmartMLS
MLS#: 24099952
SmartMLS

Investment Summary


Monthly Cash Flow
$365
Cap Rate
7.0%
Cash-on-Cash Return
5.9%
Debt Coverage Ratio
1.24
Internal Rate of Return (5 years)
9.7%

Purchase Details

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Purchase price:
$325,000
Amount financed:
-$260,000
Down payment:
$65,000
Closing costs:
$9,750
Rehab costs:
$0
Initial cash invested:
$74,750
Square feet:
2,030
Cost per square foot:
$160
Monthly rent per square foot:
$1.92

Financing Details

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Loan amount:
$260,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,538
Property tax:
$788
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,599

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$788-$9,454
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (45%)
45%-$1,763-$21,154

Cash Flow


Monthly Yearly
Net operating income:
$1,903 $22,836
Mortgage payments:
-$1,538 -$18,456
Cash flow:
$365 $4,380