259 Spring RdNorth HavenCT06473
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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 North Haven at 259 Spring Rd, North Haven, CT, 06473 generates $4,232/mo in rent and, after a $2,687/mo payment, leaves $502/mo in cash flow. Total monthly income is $4,232/mo, and annual cash flow is $6,023/yr on $180,621 invested. Return on cash invested sits at 23.39% in year one, and rental yield is 9.25% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 122.29% and total cumulative return in cash sums $220,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,232/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06473, North Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,395 (100%) |
| Owner Occupied HU | 8,187 (78.8%) |
| Renter Occupied HU | 1,790 (17.2%) |
| Vacant Housing Units | 418 ( 4.0%) |
| Median Home Value | $400,420 |
| Average Home Value | $448,636 |
Housing Distribution
Address Breakdown
Residential
10,118
Single Family
9,138
Multi-Family
980
Businesses
1,427
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Listed by: John Izzo • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24082878
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.