193 Farren AvenueNew 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
Rental property for sale in New Haven at 193 Farren Avenue, New Haven, CT, 06513 priced at $479,999 converts $3,840/mo rent into $579/mo cash flow after a $2,349/mo obligation. Total monthly income equals $3,840/mo, and annual cash flow totals $6,948/yr on $159,120 invested. Return on cash invested prints 24.28% in year one, and rental yield reads 9.6% against a $479,999 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 127.03% and total cumulative return in cash sums $202,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,840/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
3,484 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: Juan Osorio-Ramirez • Alpha Capital Realty, LLC
Mls Name: Smart MLS
Mls ID: #24145447