500 Prospect Street APT 1ENew 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 500 Prospect Street APT 1E, New Haven, CT, 06511 listed at $359,900 pairs $2,266/mo rent with a $1,762/mo payment. Total monthly income runs $2,266/mo. Return on cash invested measures 18.1% in year one, and rental yield registers 7.56% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 93.95% and total cumulative return in cash totals $112,094. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,266/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
N/A 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: Cheryl Mallick • Carey & Guarrera Real Estate
Mls Name: Smart MLS
Mls ID: #24107437