120 Read StNew HavenCT06511
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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 120 Read St, New Haven, CT, 06511 with 5% annual appreciation on a $366,900 basis while $3,001/mo rent supports operations. Total monthly income totals $3,001/mo and a $1,796/mo payment preserves $508/mo for cash returns. Annual cash flow comes to $6,095/yr on $121,627 deployed, and return on cash invested reaches 24.92% in year one. Equity gained on principal adds $2,368/yr, and five-year appreciation sums $101,368 alongside rental yield of 9.82%. Five-year ROI measures 130.5% and total cumulative return in cash totals $158,728.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,001/mo property income versus a $1,796/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06511, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,142 (100%) |
| Owner Occupied HU | 4,757 (18.2%) |
| Renter Occupied HU | 18,516 (70.8%) |
| Vacant Housing Units | 2,869 (11.0%) |
| Median Home Value | $382,127 |
| Average Home Value | $483,207 |
Housing Distribution
Address Breakdown
Residential
22,273
Single Family
14,414
Multi-Family
7,859
Businesses
1,750
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Listed by: Kerrian Latty • BHGRE Gaetano Marra Homes
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24038986
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.