251 Barnes Ave #251New HavenCT06513
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 251 Barnes Ave #251, New Haven, CT, 06513 in New Haven clears it at 1.72, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 9.3%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $33,126; $1,104/yr in principal equity; total projected return: $32,736.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 4.8% |
| Monthly Cash Flow | $(227) | $650 |
City averages based on New Haven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $929 |
| Total Monthly Debt Service | $1,108 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1963
N/A lot
$N/A/sqft
$341 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06513, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,051 (100%) |
| Owner Occupied HU | 5,507 (34.3%) |
| Renter Occupied HU | 9,655 (60.2%) |
| Vacant Housing Units | 889 ( 5.5%) |
| Median Home Value | $300,662 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
11,159
Multi-Family
3,073
Businesses
709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1963
N/A lot
$N/A/sqft
$341 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06513, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,051 (100%) |
| Owner Occupied HU | 5,507 (34.3%) |
| Renter Occupied HU | 9,655 (60.2%) |
| Vacant Housing Units | 889 ( 5.5%) |
| Median Home Value | $300,662 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
11,159
Multi-Family
3,073
Businesses
709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob Sacco • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24080437
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.