1380 State StreetNew 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
Rental property for sale in New Haven at 1380 State Street, New Haven, CT, 06511 generates $2,832/mo in rent and, after a $2,031/mo payment, leaves $13/mo in cash flow. Total monthly income is $2,832/mo, and annual cash flow is $152/yr on $137,539 invested. Return on cash invested sits at 20.02% in year one, and rental yield is 8.19% on a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation builds toward $114,629 over five years. Five-year ROI reaches 104.24% and total cumulative return in cash sums $143,366. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,832/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
4,356 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: Javyn Roundtree • Roundtree Realty LLC
Mls Name: Smart MLS
Mls ID: #24142805