1423 Quinnipiac Avenue #508New HavenCT06513
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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 New Haven at 1423 Quinnipiac Avenue #508, New Haven, CT, 06513 uses $49,394 cash to close to unlock $1,871/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $1,168/mo, and a $729/mo payment keeps the spread at $156/mo. Purchase price stands at $149,000, and rental yield measures 9.41% with $1,168/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 123.94% and total cumulative return in cash records $61,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,168/mo property income covering a $729/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06513, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,051 (100%) |
| Owner Occupied HU | 5,507 (34.3%) |
| Renter Occupied HU | 9,655 (60.2%) |
| Vacant Housing Units | 889 ( 5.5%) |
| Median Home Value | $300,662 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
11,159
Multi-Family
3,073
Businesses
709
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Listed by: Margaret C. Bennett • Margaret Bennett Realty
Mls Name: Smart MLS
Mls ID: #24118551