1 Front Street #113New HavenCT06513
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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
Investment property for sale in New Haven at 1 Front Street #113, New Haven, CT, 06513 offers a 11.19% rental yield on a $274,950 purchase with $2,564/mo rent. Total monthly income registers $2,564/mo, and a $1,346/mo payment leaves $696/mo available for distribution. Annual cash flow reaches $8,347/yr on $91,146 to close, and return on cash invested stands at 29.07% in year one. Equity gained on principal adds $1,774/yr while 5% annual appreciation supports $75,964 over five years. Portfolio math shows five-year ROI at 152.77% and total cumulative return in cash at $139,243. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,564/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06513, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,051 (100%) |
| Owner Occupied HU | 5,507 (34.3%) |
| Renter Occupied HU | 9,655 (60.2%) |
| Vacant Housing Units | 889 ( 5.5%) |
| Median Home Value | $300,662 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
11,159
Multi-Family
3,073
Businesses
709
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Listed by: Davante Mallard • eXp Realty
Mls Name: Smart MLS
Mls ID: #24120183