20 Canterbury Road #20HamdenCT06514
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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 Hamden at 20 Canterbury Road #20, Hamden, CT, 06514 offers a 10.9% rental yield on a $420,000 purchase with $3,815/mo rent. Total monthly income registers $3,815/mo, and a $2,056/mo payment leaves $609/mo available for distribution. Annual cash flow reaches $7,308/yr on $139,230 to close, and return on cash invested stands at 25.16% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 132.88% and total cumulative return in cash at $185,011. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,815/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
$352 monthly HOA
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Listed by: Kimberly Levinson • Higgins Group Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24100156
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.