124 Court Street #406New 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 124 Court Street #406, New Haven, CT, 06511 offers a 9.38% rental yield on a $289,900 purchase with $2,266/mo rent. Total monthly income registers $2,266/mo, and a $1,419/mo payment leaves $296/mo available for distribution. Annual cash flow reaches $3,554/yr on $96,102 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 123.49% and total cumulative return in cash at $118,677. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,266/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1916
N/A 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: Sarah Kolman • The Heritage Group, LLC
Mls Name: Smart MLS
Mls ID: #24129690