1400 Hartford Turnpike APT 24North HavenCT06473
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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
Investment property for sale in North Haven at 1400 Hartford Turnpike APT 24, North Haven, CT, 06473 uses $99,119 cash to close to unlock $9,251/yr annual cash flow and $771/mo monthly cash flow. Total monthly income runs $2,802/mo, and a $1,463/mo payment keeps the spread at $771/mo. Purchase price stands at $299,000, and rental yield measures 11.25% with $2,802/mo rent. Return on cash invested shows 29.24% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 153.68% and total cumulative return in cash records $152,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,802/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06473, North Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,395 (100%) |
| Owner Occupied HU | 8,187 (78.8%) |
| Renter Occupied HU | 1,790 (17.2%) |
| Vacant Housing Units | 418 ( 4.0%) |
| Median Home Value | $400,420 |
| Average Home Value | $448,636 |
Housing Distribution
Address Breakdown
Residential
10,118
Single Family
9,138
Multi-Family
980
Businesses
1,427
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Listed by: Marty Rauch • Marty Rauch Real Estate
Mls Name: Smart MLS
Mls ID: #24147106