37 Fairmont AvenueNew HavenCT06513
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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 New Haven at 37 Fairmont Avenue, New Haven, CT, 06513 with 5% annual appreciation on a $387,888 basis while $3,840/mo rent supports operations. Total monthly income totals $3,840/mo and a $1,899/mo payment preserves $1,204/mo for cash returns. Annual cash flow comes to $14,448/yr on $128,585 deployed, and return on cash invested reaches 31.15% in year one. Equity gained on principal adds $2,503/yr, and five-year appreciation sums $107,166 alongside rental yield of 11.88%. Five-year ROI measures 163.92% and total cumulative return in cash totals $210,773.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,840/mo property income versus a $1,899/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06513, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,051 (100%) |
| Owner Occupied HU | 5,507 (34.3%) |
| Renter Occupied HU | 9,655 (60.2%) |
| Vacant Housing Units | 889 ( 5.5%) |
| Median Home Value | $300,662 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
11,159
Multi-Family
3,073
Businesses
709
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Listed by: Neile Parisi • GRL & Realtors, LLC
Mls Name: Smart MLS
Mls ID: #24122740