40 Bellevue RoadNew HavenCT06511
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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 40 Bellevue Road, New Haven, CT, 06511 uses $190,787 cash to close to unlock $18,002/yr annual cash flow and $1,500/mo monthly cash flow. Total monthly income runs $5,440/mo, and a $2,838/mo payment keeps the spread at $1,500/mo. Purchase price stands at $579,900, and rental yield measures 11.26% with $5,440/mo rent. Return on cash invested shows 29.5% in year one, and 5% annual appreciation builds toward $160,216 over five years. Five-year ROI reaches 155.03% and total cumulative return in cash records $295,777. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,440/mo property income covering a $2,838/mo payment rather than investor’s personal income.
Single Family
Built in 1939
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06511, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,142 (100%) |
| Owner Occupied HU | 4,757 (18.2%) |
| Renter Occupied HU | 18,516 (70.8%) |
| Vacant Housing Units | 2,869 (11.0%) |
| Median Home Value | $382,127 |
| Average Home Value | $483,207 |
Housing Distribution
Address Breakdown
Residential
22,273
Single Family
14,414
Multi-Family
7,859
Businesses
1,750
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Listed by: Michael Wright • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24148133