160 Spring RoadNorth HavenCT06473
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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 North Haven at 160 Spring Road, North Haven, CT, 06473 offers $4,724/mo rent that, after a $2,687/mo payment, leaves $994/mo cash flow. Total monthly income is $4,724/mo, and annual cash flow is $11,927/yr on $180,621 cash. Return on cash invested measures 26.66% in year one, and rental yield stands at 10.33% at a $549,000 entry. Equity gained on principal adds $3,543/yr while 5% annual appreciation compounds into $151,679 by year five. Five-year ROI records 139.82% and total cumulative return in cash reaches $252,548. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,724/mo property income versus a $2,687/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
1.02 Acres 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: Cindy Puccino • RE/MAX Alliance
Mls Name: Smart MLS
Mls ID: #24121219