116 Crown Street APT 4BNew HavenCT06510
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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 116 Crown Street APT 4B, New Haven, CT, 06510 generates $3,434/mo in rent and, after a $2,247/mo payment, leaves $315/mo in cash flow. Total monthly income is $3,434/mo, and annual cash flow is $3,779/yr on $152,159 invested. Return on cash invested sits at 22.39% in year one, and rental yield is 8.98% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 116.95% and total cumulative return in cash sums $177,947. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,434/mo property income rather than buyer’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06510, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,714 (100%) |
| Owner Occupied HU | 161 ( 4.3%) |
| Renter Occupied HU | 2,881 (77.6%) |
| Vacant Housing Units | 672 (18.1%) |
| Median Home Value | $446,154 |
| Average Home Value | $561,609 |
Housing Distribution
Address Breakdown
Residential
2,994
Single Family
98
Multi-Family
2,896
Businesses
834
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Listed by: John Hill • Seabury Hill REALTORS
Mls Name: Smart MLS
Mls ID: #24147200