3 Valley View Drive #3HamdenCT06518
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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 Hamden at 3 Valley View Drive #3, Hamden, CT, 06518 generates $2,357/mo in rent and, after a $1,615/mo payment, leaves $115/mo in cash flow. Total monthly income is $2,357/mo, and annual cash flow is $1,380/yr on $109,395 invested. Return on cash invested sits at 21.17% in year one, and rental yield is 8.57% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 110.38% and total cumulative return in cash sums $120,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,357/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A 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: Maryrose Krafcik • Ellison Homes Real Estate
Mls Name: Smart MLS
Mls ID: #24115411