257 Blake StreetNew HavenCT06515
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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 New Haven at 257 Blake Street, New Haven, CT, 06515 priced at $260,000 converts $2,422/mo rent into $655/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,422/mo, and annual cash flow totals $7,860/yr on $86,190 invested. Return on cash invested prints 29.03% in year one, and rental yield reads 11.18% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 152.53% and total cumulative return in cash sums $131,465. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,422/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1890
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06515, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,254 (100%) |
| Owner Occupied HU | 2,733 (37.7%) |
| Renter Occupied HU | 4,025 (55.5%) |
| Vacant Housing Units | 496 ( 6.8%) |
| Median Home Value | $351,650 |
| Average Home Value | $393,722 |
Housing Distribution
Address Breakdown
Residential
6,722
Single Family
4,902
Multi-Family
1,820
Businesses
359
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Listed by: Lisa Cozzi • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24110001