146 Victoria Rd · New Britain, CT 06052

$299,900

3 bd · 1.5 ba · 1,570 sqft · SingleFamily public records · 7 Days on market

Built 1960 9,147 sqft lot $191/sqft · 9% below area Est $373k · 20% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +5.2/30.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.4/10.0
• Schools +1.0/10.0
• DSCR +0.0/10.0

Listing remarks

HIGHEST & BEST DUE BY MONDAY, MAY 18 AT 5PM. Make this your new home sweet home! This solid, West End Colonial features 3 large bedrooms, living room with fireplace, formal dining room, eat in kitchen, hardwood floors throughout, newer replacement windows & vinyl siding, steel beam construction, 4 zone gas heat with a heated 1 car garage. There is an additional 200 SF in the partially finished lower level. Price reflects cosmetic updating needed to make this home shine. Sold in AS Is condition and subject to Probate Court Approval.

Key facts

• Eat in kitchen
• Vinyl siding
• Hardwood floors

Tags

• LIVING ROOM WITH FIREPLACE
• EAT IN KITCHEN
• HARDWOOD FLOORS
• REPLACEMENT WINDOWS
• VINYL SIDING
• STEEL BEAM CONSTRUCTION

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Natural gas hot water; Thermopane windows
• Home design: Single-family home
• Construction: Built with frame construction; Concrete foundation; Asphalt shingle roof; Vinyl siding
• Exterior features: Porch; Gutters; Lightly wooded lot

Interior

• Kitchen: Wall oven; Refrigerator; Dishwasher
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Baseboard heating (natural gas); Window air-conditioning unit
• Interior features: Cable available; One fireplace; Full, partially finished basement; Walk-up attic
• Laundry & utility: Washer and electric dryer in lower level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-674 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $181k (39.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (35.9% below list).
• Recommended offer: $181k (39.7% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 74/100 on livability (#67 in CT, #4,936 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A, housing A; Watch: crime D, employment D.
• New Britain School District (suburban): math 6% / reading 17% proficiency, ranked #153 of 153 in CT (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: New Britain High School (math 10% / reading 31%, grade F, #162 of 194 statewide, top 83%, 2,331 students, 71% FRL) — zoned schools at 71% FRL track the district average.
• Market conditions: 22 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).

Forward outlook

• In year one you build about $32k of equity ($2k loan paydown + $30k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $180,779 (39.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.64% ✗
• Cap rate: 3.59%
• Cash-on-cash: -9.64%
• DSCR: 0.57
• GRM: 13.0

CMA / ARV

• ARV (median comp): $373,481
• List price: $299,900
• Delta: -19.70%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29 S Mountain Dr	0.28mi	3/2.0	1,531 (-2%)	3mo	$370,000	$242	79
78 Victoria Rd	0.13mi	3/2.0	1,446 (-8%)	6mo	$330,000	$228	74
26 Chamberlain St	0.44mi	3/1.5	1,671 (+6%)	3mo	$373,000	$223	67
248 Corbin Ave	0.57mi	3/1.5	1,640 (+4%)	1mo	$322,500	$197	65
155 Harding St	0.53mi	3/1.5	1,592 (+1%)	11mo	$365,000	$229	64
55 Dogwood Dr	0.63mi	3/2.0	1,526 (-3%)	3mo	$380,000	$249	62
117 Texas Dr	0.71mi	3/1.5	1,600 (+2%)	4mo	$240,000	$150	60
145 Kenwood Dr	0.35mi	3/2.5	1,440 (-8%)	9mo	$390,000	$271	58
145 Garry Dr	0.54mi	4/2.5 (+1)	1,628 (+4%)	10mo	$350,000	$215	51
80 Garry Dr	0.61mi	3/2.0	1,682 (+7%)	8mo	$340,000	$202	51
36 Bradley St	0.71mi	3/1.5	1,414 (-10%)	10mo	$300,009	$212	42
66 Lincoln St	0.72mi	4/2.0 (+1)	1,783 (+14%)	4mo	$305,000	$171	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.5%
• Equity multiple: 2.43×
• Total profit: $120,489
• Equity at exit: $270,174

10-year hold

• IRR: 16.5%
• Equity multiple: 5.63×
• Total profit: $388,797
• Equity at exit: $582,640

Cash invested: $83,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06052

• Home prices YoY: 13.2%
• Active inventory: 22
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $1,922 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$495 /mo · $5,940/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $-674

Break-even live

Break-even rent $2,776

Max offer price $180,779

Occupancy floor —

Sensitivity live

Price	-10% $-505	-5% $-589	+0% $-674	+5% $-759	+10% $-844
Rent	-10% $-826	-5% $-750	+0% $-674	+5% $-598	+10% $-522
Rate	-1.0pp $-523	-0.5pp $-598	base $-674	+0.5pp $-752	+1.0pp $-831

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 Pennsylvania Ave Unit 7 New Britain, CT	2.0	1.0	1100	$2,200	$2.00	3d	1	0.48mi
168 Black Rock Ave Unit 1st Floor New Britain, CT	3.0	1.0	1158	$2,000	$1.73	3d	1	0.49mi
168 Black Rock Ave Unit 3rd Floor New Britain, CT	3.0	1.0	1210	$2,250	$1.86	12d	1	0.49mi
254 Corbin Ave Unit 3 New Britain, CT	2.0	1.0	1082	$1,750	$1.62	45d	1	0.57mi
42 Vance St Unit 2nd Fl New Britain, CT	2.0	1.0	1500	$1,700	$1.13	25d	1	0.69mi
39 Holmes Ave Unit 2 New Britain, CT	3.0	1.0	2200	$1,600	$0.73	25d	1	0.69mi
214 Columbia St Unit 2 New Britain, CT	2.0	1.0	2016	$1,600	$0.79	25d	1	0.71mi
67 Brooklawn St Fl 2 New Britain, CT	3.0	1.0	1100	$1,900	$1.73	45d	1	0.71mi
73 Brooklawn St Unit 3 New Britain, CT	2.0	1.0	1116	$2,000	$1.79	3d	1	0.71mi
15 Wakefield Ct Unit 2 New Britain, CT	2.0	2.0	1067	$1,700	$1.59	45d	1	0.75mi
161 Pennsylvania Ave New Britain, CT	3.0	1.5	1100	$2,150	$1.95	17d	1	0.75mi
664 W Main St Unit 2 New Britain, CT	3.0	1.0	1276	$1,900	$1.49	25d	1	0.76mi
680 W Main St Unit 2 New Britain, CT	3.0	1.0	1200	$1,907	$1.59	15d	1	0.76mi
156 Columbia St New Britain, CT	2.0	1.0	1200	$1,800	$1.50	45d	1	0.81mi
177 Hart St Apt 2 New Britain, CT	3.0	1.0	1100	$1,990	$1.81	3d	1	0.82mi
174 Hart St #1 New Britain, CT	2.0	1.0	1178	$1,800	$1.53	4d	1	0.82mi
152 Lyons St New Britain, CT	3.0	1.0	1456	$2,000	$1.37	3d	1	0.84mi
126 Winthrop St Unit 2 New Britain, CT	3.0	1.0	1386	$1,750	$1.26	25d	1	0.91mi
86 Winthrop St Unit 2W New Britain, CT	3.0	1.0	1300	$1,800	$1.38	25d	1	0.99mi
86 Winthrop St Unit 1E New Britain, CT	3.0	1.0	1298	$1,750	$1.35	17d	1	0.99mi
86 Winthrop St Unit 1W New Britain, CT	3.0	1.0	1298	$1,800	$1.39	17d	1	0.99mi
38 Ledyard Rd New Britain, CT	4.0	1.5	1538	$2,850	$1.85	45d	1	1.05mi
70 Monroe St Unit 2 New Britain, CT	3.0	1.0	1366	$1,850	$1.35	25d	1	1.09mi
10 Wallace St New Britain, CT	2.0	1.0	1400	$1,800	$1.29	25d	1	1.14mi
14 Crown St Unit 2W New Britain, CT	2.0	1.0	1150	$1,650	$1.43	25d	1	1.19mi
271 Glen St New Britain, CT	3.0	1.0	2230	$1,950	$0.87	3d	1	1.22mi
149 Glen St New Britain, CT	3.0	1.0	1136	$1,550	$1.36	45d	1	1.26mi
171 Bassett St New Britain, CT	3.0	1.0	1100	$2,000	$1.82	3d	1	1.29mi
371 Broad St Unit 1st Floor New Britain, CT	3.0	1.0	1128	$1,900	$1.68	45d	1	1.30mi
69 Smith St Unit 2 New Britain, CT	2.0	1.0	1576	$1,600	$1.02	25d	1	1.30mi
94 Glen St New Britain, CT	3.0	1.0	1200	$1,595	$1.33	15d	1	1.34mi
316 High Rd Berlin, CT	3.0	1.5	1600	$3,000	$1.88	15d	1	1.38mi
38 Roberts St Fl 1 New Britain, CT	3.0	1.0	1210	$1,700	$1.40	45d	1	1.38mi
160 Main St New Britain, CT	1.0–2.0	1.0	850	$1,950	$2.29	3d	2	1.41mi
127 Booth St Unit 1st Floor New Britain, CT	2.0	1.0	1768	$2,000	$1.13	25d	1	1.43mi
145 Smith St Unit 1 New Britain, CT	2.0	1.0	1114	$1,900	$1.71	45d	1	1.43mi
18 Buell St Unit 1st FL New Britain, CT	3.0	1.0	1250	$1,800	$1.44	45d	1	1.48mi
61 Albany Ave Unit 3 New Britain, CT	2.0	1.0	1100	$1,550	$1.41	4d	1	1.48mi

Listing history 1 events

1. 2026-05-13
   listed $299,900 Active 545-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $5,940 · $495/mo
• Projected year-2 tax: $6,179 · $515/mo
• Expected delta: +$239/yr (+$20/mo · 4.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $23,064
• − Mortgage interest: −$16,799
• − Property taxes: −$5,940
• − Insurance: −$1,500
• − Repairs & maintenance: −$1,845
• − Management: −$1,845
• − Depreciation: −$8,724
• Taxable loss: −$13,590
• Est. tax savings @ 24.0%: +$3,261
• After-tax cash flow: $-4,830/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: New Britain School District
• NCES district ID: 0902670
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $40,827
• Composite: 9.95/100
• National rank: #9816
• State rank: #153 of 153 in CT

Livability — New Britain

• Score: 74/100
• State rank: #67
• US rank: #4936

Category grades

Amenities C Commute B Cost of living A Crime D Employment D Housing A Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Britain, CT
• City population: 66,322
• Population (ZIP): 8,232

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 47% Hispanic / Latino 38% Two or more races 17% Black 11%
• Hispanic origin (detail): Puerto Rican 25% Dominican 2% Salvadoran 1%
• Common ancestry: Romanian 13% Lithuanian 3% Italian 1%
• Foreign-born: 13% · Canada
• Languages at home: 64% English-only · Spanish 29% Russian/Polish/Slavic 4% French/Haitian/Cajun 1%

Political lean MEDSL · Capitol

• 2024 margin: Strong D (+21.9) · D 60.1% · R 38.2% · Other 1.7%
• All cycles: 2024: D+21.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 42.04%
• Current HPI: 359.7743
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

2 events — show timeline

• 2026-05-20 Pending — Smart MLS
• 2026-05-13 Listed $299,900 Smart MLS

Property tax history

+2.0%/yr

Latest (2025): $5,940 · +2.3% YoY. Source: county tax records.