280 Mill RoadNorth 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 280 Mill Road, North Haven, CT, 06473 priced at $647,000 pairs $7,474/mo rent with $3,078/mo cash flow after a $3,167/mo payment. Total monthly income equals $7,474/mo, and annual cash flow comes to $36,932/yr on $212,863 invested. Return on cash invested is 37.41% in year one, and rental yield stands at 13.86% on a $647,000 basis. Equity gained on principal adds $4,175/yr, and 5% annual appreciation accumulates to $178,754 by year five. Five-year ROI measures 197.47% and total cumulative return in cash reaches $420,332. For financing, Ziffy Mortgage’s DSCR program evaluates $7,474/mo property income against a $3,167/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1850
0.95 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: Janie Ouellette • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088150
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.