317 Franklin RoadHamdenCT06517
Nearby investment properties with comparable rents
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 317 Franklin Road, Hamden, CT, 06517 offers $2,505/mo rent that, after a $1,713/mo payment, leaves $127/mo cash flow. Total monthly income is $2,505/mo, and annual cash flow is $1,526/yr on $115,992 cash. Return on cash invested measures 21.22% in year one, and rental yield stands at 8.59% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 110.72% and total cumulative return in cash reaches $128,430. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,505/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06517, Hamden, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 4,076 (57.3%) |
| Renter Occupied HU | 2,616 (36.8%) |
| Vacant Housing Units | 423 ( 5.9%) |
| Median Home Value | $379,547 |
| Average Home Value | $434,446 |
Housing Distribution
Address Breakdown
Residential
6,786
Single Family
5,685
Multi-Family
1,101
Businesses
452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawn A. Williams • The Agency
Mls Name: Smart MLS
Mls ID: #24133931