406 Newhall StreetHamdenCT06511
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 Hamden at 406 Newhall Street, Hamden, CT, 06511 priced at $329,900 pairs $3,190/mo rent with $948/mo cash flow after a $1,615/mo payment. Total monthly income equals $3,190/mo, and annual cash flow comes to $11,378/yr on $109,362 invested. Return on cash invested is 30.31% in year one, and rental yield stands at 11.6% on a $329,900 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,145 by year five. Five-year ROI measures 159.47% and total cumulative return in cash reaches $174,399. For financing, Ziffy Mortgage’s DSCR program evaluates $3,190/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kurt C. Bauknecht • Sette Real Estate LLC
Mls Name: Smart MLS
Mls ID: #24142587