23 Edith Street, West Haven, CT, 06516 | $40/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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23 Edith Street, West Haven, CT, 06516 | $40/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in West Haven at 23 Edith Street, West Haven, CT, 06516 generates $2,010/mo in rent and, after a $1,419/mo payment, leaves $40/mo in cash flow. Total monthly income is $2,010/mo, and annual cash flow is $482/yr on $96,102 invested. Return on cash invested sits at 20.41% in year one, and rental yield is 8.32% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 106.37% and total cumulative return in cash sums $102,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,010/mo property income rather than buyer’s personal income.

Single Family

Built in 1961

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Attention first time homebuyers or anyone looking to downsize...this charming, well taken care of 3-bedroom, 1 bathroom ranch is the perfect opportunity to move in, update at your own pace and earn some sweat equity along the way! As you enter, a nice sized living room with large picture window and beautiful brick fireplace, that flows nicely into the eat-in kitchen with direct access to the attached 1 car garage for convenience. Down the hall, a full bathroom with ceramic tile floor, deep linen closet and ceramic tile tub/shower, and 3 nice sized bedrooms, including the primary bedroom with double closets and 2 corner windows that welcome plenty of natural light. The walk-out basement provides plenty of storage and more living space with a rec room. Notable mentions include, central air, newer boiler, and thermopane windows. This home places you close to the West Haven train station, major highways, vibrant downtown, and a short ride away to beautiful and famous West Haven beaches. Welcome to the desirable town of West Haven, with miles of shore and so much more!

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