124 Lincoln StreetHamdenCT06518
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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 Hamden at 124 Lincoln Street, Hamden, CT, 06518 priced at $349,900 pairs $3,480/mo rent with $1,102/mo cash flow after a $1,713/mo payment. Total monthly income equals $3,480/mo, and annual cash flow comes to $13,226/yr on $115,992 invested. Return on cash invested is 31.31% in year one, and rental yield stands at 11.93% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 164.81% and total cumulative return in cash reaches $191,166. For financing, Ziffy Mortgage’s DSCR program evaluates $3,480/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06518, Hamden, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,635 (100%) |
| Owner Occupied HU | 4,430 (58.0%) |
| Renter Occupied HU | 2,395 (31.4%) |
| Vacant Housing Units | 810 (10.6%) |
| Median Home Value | $347,285 |
| Average Home Value | $380,215 |
Housing Distribution
Address Breakdown
Residential
6,999
Single Family
6,185
Multi-Family
814
Businesses
822
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Listed by: Bianca Scala • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24147421