106 Sherland AvenueNew 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
Rental property for sale in New Haven at 106 Sherland Avenue, New Haven, CT, 06513 priced at $399,900 pairs $2,797/mo rent with $80/mo cash flow after a $1,957/mo payment. Total monthly income equals $2,797/mo, and annual cash flow comes to $962/yr on $132,567 invested. Return on cash invested is 20.63% in year one, and rental yield stands at 8.39% on a $399,900 basis. Equity gained on principal adds $2,580/yr, and 5% annual appreciation accumulates to $110,485 by year five. Five-year ROI measures 107.55% and total cumulative return in cash reaches $142,580. For financing, Ziffy Mortgage’s DSCR program evaluates $2,797/mo property income against a $1,957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1875
3,920 sqft 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: Jeffrey Granoff • GRL & Realtors, LLC
Mls Name: Smart MLS
Mls ID: #24117796