201 Center StreetWest HavenCT06516
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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 West Haven at 201 Center Street, West Haven, CT, 06516 priced at $560,000 converts $3,062/mo rent into after a $2,741/mo obligation. Total monthly income equals $3,062/mo. Return on cash invested prints 14.93% in year one, and rental yield reads 6.56% against a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation compiles into $154,718 by year five. Five-year ROI reaches 77.03% and total cumulative return in cash sums $141,917. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,062/mo property income covering a $2,741/mo payment, not borrower’s personal income.
Multi Family
Built in 1930
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06516, West Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,840 (100%) |
| Owner Occupied HU | 11,877 (52.0%) |
| Renter Occupied HU | 9,766 (42.8%) |
| Vacant Housing Units | 1,197 ( 5.2%) |
| Median Home Value | $306,107 |
| Average Home Value | $333,389 |
Housing Distribution
Address Breakdown
Residential
21,891
Single Family
17,105
Multi-Family
4,786
Businesses
1,373
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Listed by: Francine V. Morrow • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24102602
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.