237 North High StreetEast 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
Investment property for sale in East Haven at 237 North High Street, East Haven, CT, 06512 listed at $459,000 pairs $3,997/mo rent with a $2,247/mo payment to leave $878/mo cash flow. Total monthly income runs $3,997/mo, and annual cash flow reaches $10,535/yr on $152,159 cash to close. Return on cash invested measures 26.83% in year one, and rental yield registers 10.45% at a $459,000 basis. Equity gained on principal adds $2,962/yr, and annual property appreciation at 5% supports $126,813 by year five. Five-year ROI tracks 140.77% and total cumulative return in cash totals $214,187. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,997/mo property income relative to a $2,247/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1850
0.52 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: Erin Connelly • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24129823