30 Dorrance StreetHamdenCT06518
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Nearby investment properties with comparable prices
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 30 Dorrance Street, Hamden, CT, 06518 priced at $385,000 converts $2,618/mo rent into $3/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,618/mo, and annual cash flow totals $30/yr on $127,628 invested. Return on cash invested prints 19.93% in year one, and rental yield reads 8.16% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 103.77% and total cumulative return in cash sums $132,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,618/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1939
7,840 sqft 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: Tracy Daye • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24118723