37 Park AvenueHamdenCT06517
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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 37 Park Avenue, Hamden, CT, 06517 generates $3,703/mo in rent and, after a $1,908/mo payment, leaves $1,005/mo in cash flow. Total monthly income is $3,703/mo, and annual cash flow is $12,062/yr on $129,252 invested. Return on cash invested sits at 29.24% in year one, and rental yield is 11.4% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 153.88% and total cumulative return in cash sums $198,889. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,703/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
3,920 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
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Listed by: Jill Nathanson-Zaengel • Press/Cuozzo Realtors
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24100564
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.