254 Riverside DriveHamdenCT06518
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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 Hamden at 254 Riverside Drive, Hamden, CT, 06518 offers a 8.48% rental yield on a $325,000 purchase with $2,297/mo rent. Total monthly income registers $2,297/mo, and a $1,591/mo payment leaves $89/mo available for distribution. Annual cash flow reaches $1,062/yr on $107,738 to close, and return on cash invested stands at 20.89% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 108.94% and total cumulative return in cash at $117,373. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,297/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06518, Hamden, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,635 (100%) |
| Owner Occupied HU | 4,430 (58.0%) |
| Renter Occupied HU | 2,395 (31.4%) |
| Vacant Housing Units | 810 (10.6%) |
| Median Home Value | $347,285 |
| Average Home Value | $380,215 |
Housing Distribution
Address Breakdown
Residential
6,999
Single Family
6,185
Multi-Family
814
Businesses
822
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Listed by: Susan Santoro • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24119341