196 New Haven Ave UNIT 218DerbyCT06418
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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 Derby at 196 New Haven Ave UNIT 218, Derby, CT, 06418 listed at $295,000 pairs $2,528/mo rent with a $1,444/mo payment to leave $174/mo cash flow. Total monthly income runs $2,528/mo, and annual cash flow reaches $2,082/yr on $97,793 cash to close. Return on cash invested measures 22.04% in year one, and rental yield registers 10.28% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 116.62% and total cumulative return in cash totals $114,050. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,528/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06418, Derby, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,840 (100%) |
| Owner Occupied HU | 3,292 (56.4%) |
| Renter Occupied HU | 2,222 (38.0%) |
| Vacant Housing Units | 326 ( 5.6%) |
| Median Home Value | $294,454 |
| Average Home Value | $345,936 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,220
Multi-Family
259
Businesses
410
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Listed by: Kimberly Hammac • Marriott Realty Group LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089417
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