1376 Paradise AvenueHamdenCT06514
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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 1376 Paradise Avenue, Hamden, CT, 06514 offers $3,590/mo rent that, after a $2,031/mo payment, leaves $631/mo cash flow. Total monthly income is $3,590/mo, and annual cash flow is $7,569/yr on $137,573 cash. Return on cash invested measures 25.41% in year one, and rental yield stands at 10.38% at a $415,000 entry. Equity gained on principal adds $2,678/yr while 5% annual appreciation compounds into $114,657 by year five. Five-year ROI records 133.59% and total cumulative return in cash reaches $183,777. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,590/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
1.03 Acres lot
$N/A/sqft
No HOA
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Listed by: Ryan J. Casey • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093899
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