3409 Whitney Avenue APT 24HamdenCT06518
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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
Investment property for sale in Hamden at 3409 Whitney Avenue APT 24, Hamden, CT, 06518 uses $107,738 cash to close to unlock $5,030/yr annual cash flow and $419/mo monthly cash flow. Total monthly income runs $3,065/mo, and a $1,591/mo payment keeps the spread at $419/mo. Purchase price stands at $325,000, and rental yield measures 11.32% with $3,065/mo rent. Return on cash invested shows 24.58% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 130.46% and total cumulative return in cash records $140,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,065/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
$339 monthly 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: Alexander Ward • Award Prop., Alexander Ward
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24091566
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.