224 Ray RoadNew HavenCT06515
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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 New Haven at 224 Ray Road, New Haven, CT, 06515 uses $228,655 cash to close to unlock $630/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $4,775/mo, and a $3,402/mo payment keeps the spread at $53/mo. Purchase price stands at $695,000, and rental yield measures 8.24% with $4,775/mo rent. Return on cash invested shows 20.34% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 105.9% and total cumulative return in cash records $242,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,775/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06515, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,254 (100%) |
| Owner Occupied HU | 2,733 (37.7%) |
| Renter Occupied HU | 4,025 (55.5%) |
| Vacant Housing Units | 496 ( 6.8%) |
| Median Home Value | $351,650 |
| Average Home Value | $393,722 |
Housing Distribution
Address Breakdown
Residential
6,722
Single Family
4,902
Multi-Family
1,820
Businesses
359
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Listed by: Naihommy Colon Rodriquez • Rainbow Realty
Mls Name: Smart MLS
Mls ID: #24149944