38 Hallock StreetNew HavenCT06519
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 New Haven at 38 Hallock Street, New Haven, CT, 06519 offers $890/mo rent that, after a $563/mo payment, leaves $109/mo cash flow. Total monthly income is $890/mo, and annual cash flow is $1,302/yr on $38,123 cash. Return on cash invested measures 23.32% in year one, and rental yield stands at 9.29% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 122% and total cumulative return in cash reaches $46,509. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $890/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1877
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06519, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,477 (100%) |
| Owner Occupied HU | 1,300 (20.1%) |
| Renter Occupied HU | 4,616 (71.3%) |
| Vacant Housing Units | 561 ( 8.7%) |
| Median Home Value | $332,985 |
| Average Home Value | $355,135 |
Housing Distribution
Address Breakdown
Residential
5,858
Single Family
4,440
Multi-Family
1,418
Businesses
419
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Listed by: Warren P. Juall • HOMESELL
Mls Name: Smart MLS
Mls ID: #24152896