39 Edwards StreetHamdenCT06517
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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 39 Edwards Street, Hamden, CT, 06517 offers $2,310/mo rent that, after a $832/mo payment, leaves $1,155/mo cash flow. Total monthly income is $2,310/mo, and annual cash flow is $13,862/yr on $56,322 cash. Return on cash invested measures 44.52% in year one, and rental yield stands at 16.32% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 235.71% and total cumulative return in cash reaches $132,758. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,310/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4,791 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: Ronald T. Forcier • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24128732