111 Morris StreetNew HavenCT06519
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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 111 Morris Street, New Haven, CT, 06519 offers a 11.32% rental yield on a $369,000 purchase with $3,480/mo rent. Total monthly income registers $3,480/mo, and a $1,806/mo payment leaves $973/mo available for distribution. Annual cash flow reaches $11,675/yr on $122,324 to close, and return on cash invested stands at 29.45% in year one. Equity gained on principal adds $2,381/yr while 5% annual appreciation supports $101,948 over five years. Portfolio math shows five-year ROI at 154.81% and total cumulative return in cash at $189,363. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,480/mo property income against a $1,806/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06519, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,477 (100%) |
| Owner Occupied HU | 1,300 (20.1%) |
| Renter Occupied HU | 4,616 (71.3%) |
| Vacant Housing Units | 561 ( 8.7%) |
| Median Home Value | $332,985 |
| Average Home Value | $355,135 |
Housing Distribution
Address Breakdown
Residential
5,858
Single Family
4,440
Multi-Family
1,418
Businesses
419
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Listed by: Michelle Gutierrez • Social & Co Realty
Mls Name: Smart MLS
Mls ID: #24149925