24 Woodward Avenue APT 46New 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 New Haven at 24 Woodward Avenue APT 46, New Haven, CT, 06512 uses $91,163 cash to close to unlock $6,750/yr annual cash flow and $563/mo monthly cash flow. Total monthly income runs $2,431/mo, and a $1,346/mo payment keeps the spread at $563/mo. Purchase price stands at $275,000, and rental yield measures 10.61% with $2,431/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 143.36% and total cumulative return in cash records $130,691. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,431/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1964
N/A 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: Marilyn E. Profit • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24149733