484 First Avenue APT 6West HavenCT06516
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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 West Haven at 484 First Avenue APT 6, West Haven, CT, 06516 listed at $219,900 pairs $1,508/mo rent with a $1,076/mo payment to leave $14/mo cash flow. Total monthly income runs $1,508/mo, and annual cash flow reaches $170/yr on $72,897 cash to close. Return on cash invested measures 20.14% in year one, and rental yield registers 8.23% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 104.93% and total cumulative return in cash totals $76,492. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,508/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06516, West Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,840 (100%) |
| Owner Occupied HU | 11,877 (52.0%) |
| Renter Occupied HU | 9,766 (42.8%) |
| Vacant Housing Units | 1,197 ( 5.2%) |
| Median Home Value | $306,107 |
| Average Home Value | $333,389 |
Housing Distribution
Address Breakdown
Residential
21,891
Single Family
17,105
Multi-Family
4,786
Businesses
1,373
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Listed by: Matthew H. Anderson • CT Home Pro, LLC
Mls Name: Smart MLS
Mls ID: #24137589