16 Catherine StreetEast HavenCT06512
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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 East Haven at 16 Catherine Street, East Haven, CT, 06512 earns from $3,840/mo rent with a $2,883/mo payment. Total monthly income totals $3,840/mo. ROI tracks 19.06% on current figures, and rental yield reads 7.82% at a $589,000 purchase. Equity gained on principal adds $3,801/yr, and 5% annual appreciation supports $162,730 over five years. Five-year ROI reaches 99.03% and total cumulative return in cash sums $191,894. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,840/mo property income instead of your personal income.
Single Family
Built in 1935
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06512, East Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,438 (100%) |
| Owner Occupied HU | 8,576 (63.8%) |
| Renter Occupied HU | 3,984 (29.6%) |
| Vacant Housing Units | 878 ( 6.5%) |
| Median Home Value | $323,792 |
| Average Home Value | $369,374 |
Housing Distribution
Address Breakdown
Residential
12,668
Single Family
11,457
Multi-Family
1,211
Businesses
708
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Listed by: Sandy Burnell • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24141643