16 1st AvenueNew HavenCT06513
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Nearby investment properties with comparable prices
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 16 1st Avenue, New Haven, CT, 06513 priced at $315,000 pairs $2,958/mo rent with $818/mo cash flow after a $1,542/mo payment. Total monthly income equals $2,958/mo, and annual cash flow comes to $9,810/yr on $104,423 invested. Return on cash invested is 29.3% in year one, and rental yield stands at 11.27% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 154.04% and total cumulative return in cash reaches $160,853. For financing, Ziffy Mortgage’s DSCR program evaluates $2,958/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
4,356 sqft 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: Stephanie Liriano • Redfin Corporation
Mls Name: Smart MLS
Mls ID: #24116226