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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Hamden, CT
Listed for sale 6 days ago
$ 224,900
ROI
23.4
Cash Flow/m
226- 2 Bed
- 2 Bath
- 1089 sft
5 Shepard Hill Road #5, Hamden, CT, 06514
$ 197,000
ROI
25.7Cash Flow/m
326- 1 Bed
- 1 Bath
- 637 sft
1204 Whitney Avenue #118, Hamden, CT, 06517
Currently Rented
$ 299,900
ROI
22.5Cash Flow/m
229- 3 Bed
- 2 Bath
- 1348 sft
2390 State Street #L17C, Hamden, CT, 06517
$ 232,000
ROI
24.2Cash Flow/m
286- 2 Bed
- 2 Bath
- 1070 sft
32 Towne House Road #32, Hamden, CT, 06514
Why Invest in Hamden, Connecticut?
Hamden, CT offers strong potential for condo investors seeking steady rental income near Yale University and urban amenities. Average rents around $2,000 support solid cash flow with low vacancy risks. Cap rates hover at 5-6%, bolstered by 5%+ annual appreciation and high renter occupancy over 50%. Proximity to New Haven drives demand from students and professionals. Stable employment in education and healthcare enhances long-term ROI.
7.2%
Avg. ROI
5.8%
Rental Yield
5.5%
Cap Rate
$850/mo
Avg. Cash Flow
$2058/mo
Avg. Rent
5.8%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer 5-6% cap rates and strong rental yields due to student and professional demand. Appreciation has averaged 5% yearly. Low vacancy supports reliable cash flow.
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