232 McLay AvenueEast HavenCT06512
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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 East Haven at 232 McLay Avenue, East Haven, CT, 06512 priced at $550,000 pairs $5,294/mo rent with $1,535/mo cash flow after a $2,692/mo payment. Total monthly income equals $5,294/mo, and annual cash flow comes to $18,420/yr on $180,950 invested. Return on cash invested is 30.24% in year one, and rental yield stands at 11.55% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 159.05% and total cumulative return in cash reaches $287,806. For financing, Ziffy Mortgage’s DSCR program evaluates $5,294/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06512, East Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,438 (100%) |
| Owner Occupied HU | 8,576 (63.8%) |
| Renter Occupied HU | 3,984 (29.6%) |
| Vacant Housing Units | 878 ( 6.5%) |
| Median Home Value | $323,792 |
| Average Home Value | $369,374 |
Housing Distribution
Address Breakdown
Residential
12,668
Single Family
11,457
Multi-Family
1,211
Businesses
708
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Listed by: Aaron Vining • mygoodagent
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24105983
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.