102 West Prospect StreetNew HavenCT06515
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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
Rental property for sale in New Haven at 102 West Prospect Street, New Haven, CT, 06515 generates $3,343/mo in rent and, after a $1,689/mo payment, leaves $941/mo in cash flow. Total monthly income is $3,343/mo, and annual cash flow is $11,292/yr on $114,368 invested. Return on cash invested sits at 29.78% in year one, and rental yield is 11.63% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 156.78% and total cumulative return in cash sums $179,308. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,343/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06515, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,254 (100%) |
| Owner Occupied HU | 2,733 (37.7%) |
| Renter Occupied HU | 4,025 (55.5%) |
| Vacant Housing Units | 496 ( 6.8%) |
| Median Home Value | $351,650 |
| Average Home Value | $393,722 |
Housing Distribution
Address Breakdown
Residential
6,722
Single Family
4,902
Multi-Family
1,820
Businesses
359
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Listed by: Wendy L. Doyle • Century 21 Clemens Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24118054
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.