1350 Mount Carmel AvenueHamdenCT06518
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors approaching the U.S. market with capital-preservation in mind will find 1350 Mount Carmel Avenue, Hamden, CT, 06518 in Hamden aligned with their strategy. Rental yield 7.22%. DSCR 1.34 and 7.22% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $4,420/yr in paydown build toward a projected cumulative return of $159,231.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 5.8% |
| Monthly Cash Flow | $(374) | $1,850 |
City averages based on Hamden market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,887 |
| Total Monthly Debt Service | $3,070 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
0.96 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1975
0.96 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol A. Skelcher • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24148382