1 Mansfield Grove Road APT 103, East Haven, CT, 06512 | 6.77% Rental Yield

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1 Mansfield Grove Road APT 103, East Haven, CT, 06512 | 6.77% Rental Yield | Ziffy

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in East Haven at 1 Mansfield Grove Road APT 103, East Haven, CT, 06512 offers a 6.77% rental yield on a $695,000 purchase with $3,923/mo rent. 86% in year one. Equity gained on principal adds $4,485/yr while 5% annual appreciation supports $192,016 over five years. Portfolio math shows five-year ROI at 81.93% and total cumulative return in cash at $187,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,923/mo property income against a $3,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

DIRECT WATERFRONT 1st floor end unit on the sandy beach; open, renovated KIT w/ granite counters; LR/DR combo with wood burning FP and sliders to deck overlong the beach; Primary BR suite w/ sliders to private deck on the water, jacuzzi tub in primary BR bath; 2nd waterfront BR has bath and opens to beachfront deck; 3rd BR overlooks the creek and cove; all BRS have walk-in closets; hardwood floors throughout; complex is located at the mouth of the Farm River and Long Island Sound with 4 sandy beaches; tennis courts, bocci, and pool overlooking the water. 15 minutes to Downtown New Haven, Yale, Metro North and Amtrak, the hospitals, and all amenities. A rare opportunity to live on the water and enjoy this dynamic environment. Owner/Agent There will be a new assessment for structural work which is being researched now. Trusses need to be evaluated and replaced where rotted and waterproofing the space under the first floor units so trusses will not deteriorate in the future. An engineering report was commissioned by the Board and c

Neighborhood Data

Neighborhood data shown for ZIP Code: 06512, East Haven, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,438 (100%)
Owner Occupied HU	8,576 (63.8%)
Renter Occupied HU	3,984 (29.6%)
Vacant Housing Units	878 ( 6.5%)
Median Home Value	$323,792
Average Home Value	$369,374