11 Elliott Pl · Hartford, CT 06114

$239,000

3 bd · 1.5 ba · 1,651 sqft · SingleFamily public records · 14 Days on market

Built 1890 7,405 sqft lot

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Why this score? — see what drove the C- 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).

• Cash flow +15.5/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• 1% rule +4.2/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0

Listing remarks

Welcome to 11 Elliot Place in Hartford! This charming 3-bedroom, 1.5-bath home offers a spacious living room, formal dining room, and a comfortable layout throughout. Features include a back porch, private driveway, and a large backyard perfect for entertaining, gardening, or outdoor enjoyment. Situated at the end of a cul-de-sac, this property offers added privacy while remaining conveniently located near shopping, dining, parks, and major highways. Sale contingent upon contract owners ability to take title (no title issues).

Key facts

• Private driveway
• Large backyard
• Back porch

Tags

• BACK PORCH
• PRIVATE DRIVEWAY
• LARGE BACKYARD
• CUL-DE-SAC
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Utilities: Public water connected; Public sewer connected; Hot water: other
• Home design: Single-family home; Yellow exterior color
• Construction: Frame, brick and stone construction; Brick and stone foundation; Shingle roof
• Exterior features: Wood and chain-link fencing; Level lot on a cul-de-sac

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Baseboard heat; Natural gas heating; Ceiling fans; Wall unit cooling
• Interior features: Full, unfinished basement; Attic with pull-down stairs; Ceiling fans; Wall cooling unit
• Laundry & utility: Laundry in basement / lower level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $95 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (8.1% below list).
• Recommended offer: $220k (8.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#58 in CT, #3,553 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime F, employment F.
• Hartford School District (urban): math 13% / reading 21% proficiency, ranked #150 of 153 in CT (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 84% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Hartford Public High School (math 2% / reading 12%, grade F, #188 of 194 statewide, top 98%, 709 students, 82% FRL) — zoned schools at 82% FRL track the district average.
• Market conditions: Rents rising (+1.5%/yr); 54 active listings in the ZIP; 4 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).
• At $2,197/mo this rent would consume 51% of the median local household income ($52k/yr) (locally 1897% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $26k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 1.5% rent growth), your $67k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $219,721 (8.1% below list)

Questions for the listing agent

1. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F 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?
5. 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.
6. 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.
7. 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: 0.92% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.70%
• DSCR: 1.08
• GRM: 9.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 1.47% rent growth · sell at horizon

5-year hold

• IRR: 25.0%
• Equity multiple: 2.99×
• Total profit: $132,913
• Equity at exit: $215,310

10-year hold

• IRR: 21.7%
• Equity multiple: 6.68×
• Total profit: $380,353
• Equity at exit: $464,324

Cash invested: $66,920 (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 06114

• Home prices YoY: 4.7%
• Rents YoY: 1.5%
• Active inventory: 54
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,197 medium
• Mortgage (P&I): −$1,253
• Tax from tax record: −$288 /mo · $3,454/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $95

Break-even live

Break-even rent $2,077

Max offer price $239,000

Occupancy floor 91%

Sensitivity live

Price	-10% $230	-5% $163	+0% $95	+5% $27	+10% $-40
Rent	-10% $-79	-5% $8	+0% $95	+5% $182	+10% $269
Rate	-1.0pp $215	-0.5pp $156	base $95	+0.5pp $33	+1.0pp $-30

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
158 Seymour St Hartford, CT	3.0	1.0	1114	$2,025	$1.82	24d	2	0.84mi
452 Hillside Ave Hartford, CT	4.0	1.0	1233	$2,700	$2.19	24d	1	1.22mi
100 Wells St Hartford, CT	2.0	1.0–1.5	950	$2,250	$2.37	24d	1	1.27mi
55 Trumbull St Hartford, CT	1.0–2.0	1.0–2.0	1015	$1,995	$1.97	11d	8	1.42mi

Listing history 12 events

1. 2026-06-16
   statusdays on market $239,000 Under Contract 14 DOM
2. 2026-06-15
   days on market $239,000 Active 13 DOM
3. 2026-06-13
   days on market $239,000 Active 11 DOM
4. 2026-06-13
   remarks 532-char remark
5. 2026-06-13
   days on market $239,000 Active 10 DOM
6. 2026-06-10
   days on market $239,000 Active 8 DOM
7. 2026-06-09
   days on market $239,000 Active 7 DOM
8. 2026-06-08
   days on market $239,000 Active 6 DOM
9. 2026-06-07
   days on market $239,000 Active 5 DOM
10. 2026-06-05
    days on market $239,000 Active 2 DOM
11. 2026-06-02
    remarks 454-char remark
12. 2026-06-02
    listed $239,000 Active 1 DOM

ⓘ 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: $3,454 · $288/mo
• Projected year-2 tax: $4,284 · $357/mo
• Expected delta: +$830/yr (+$69/mo · 24.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,367
• − Mortgage interest: −$13,388
• − Property taxes: −$3,454
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,109
• − Management: −$2,109
• − Depreciation: −$6,953
• Taxable loss: −$2,842
• Est. tax savings @ 24.0%: +$682
• After-tax cash flow: $1,822/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: Hartford School District
• NCES district ID: 0901920
• Math proficiency: 13% ▼ -5.00%
• Reading proficiency: 21% ▼ -6.00%
• Median HH income: $30,521
• Composite: 13.54/100
• National rank: #9514
• State rank: #150 of 153 in CT

Livability — Hartford

• Score: 76/100
• State rank: #58
• US rank: #3553

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hartford, CT
• County: Hartford County · 754,208 people
• City population: 121,162
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 26,458
• Household income: $52,110
• Rent vs Own: 61.6% rent · 38.4% own
• Severe rent burden: 1897.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 60% White 19% Black 19% Two or more races 10% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 36% Dominican 6%
• Common ancestry: American 6% Romanian 1% Lithuanian 1%
• Foreign-born: 31% · Canada, Jamaica
• Languages at home: 36% English-only · Spanish 49% Russian/Polish/Slavic 8% Other Indo-European 4%

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: ▲ 16.02%
• Current HPI: 356.5892
• Rent YoY: ▲ 1.47%
• Metro: Hartford-East Hartford-Middletown, CT
• 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

+59.3% since first listed

12 events — show timeline

• 2026-06-02 Listed $239,000 Smart MLS
• 2020-03-27 Listing Removed — Smart MLS
• 2020-03-19 Price Changed $105,900 Smart MLS
• 2020-02-04 Price Changed $109,900 Smart MLS
• 2020-02-02 Price Changed $119,900 Smart MLS
• 2020-01-31 Relisted — Smart MLS
• 2020-01-28 Contingent — Smart MLS
• 2020-01-22 Listed $124,900 Smart MLS
• 2019-11-13 Listing Removed — Smart MLS
• 2019-07-31 Price Changed $139,900 Smart MLS
• 2019-07-15 Price Changed $145,500 Smart MLS
• 2019-05-13 Listed $149,999 Smart MLS

Property tax history

+3.1%/yr

Latest (2025): $3,454 · +0.0% YoY. Source: county tax records.