14 Ely StreetWest HavenCT06516
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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 West Haven at 14 Ely Street, West Haven, CT, 06516 priced at $375,000 converts $2,878/mo rent into $331/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,878/mo, and annual cash flow totals $3,966/yr on $124,313 invested. Return on cash invested prints 23.1% in year one, and rental yield reads 9.21% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 120.76% and total cumulative return in cash sums $150,123. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,878/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1958
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06516, West Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,840 (100%) |
| Owner Occupied HU | 11,877 (52.0%) |
| Renter Occupied HU | 9,766 (42.8%) |
| Vacant Housing Units | 1,197 ( 5.2%) |
| Median Home Value | $306,107 |
| Average Home Value | $333,389 |
Housing Distribution
Address Breakdown
Residential
21,891
Single Family
17,105
Multi-Family
4,786
Businesses
1,373
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Listed by: Barbara Zink • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24148495