506 Lighthouse RoadNew HavenCT06512
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
Investment property for sale in New Haven at 506 Lighthouse Road, New Haven, CT, 06512 uses $124,313 cash to close to unlock $10,818/yr annual cash flow and $902/mo monthly cash flow. Total monthly income runs $3,449/mo, and a $1,835/mo payment keeps the spread at $902/mo. Purchase price stands at $375,000, and rental yield measures 11.04% with $3,449/mo rent. Return on cash invested shows 28.61% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 150.32% and total cumulative return in cash records $186,867. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,449/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06512, East Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,438 (100%) |
| Owner Occupied HU | 8,576 (63.8%) |
| Renter Occupied HU | 3,984 (29.6%) |
| Vacant Housing Units | 878 ( 6.5%) |
| Median Home Value | $323,792 |
| Average Home Value | $369,374 |
Housing Distribution
Address Breakdown
Residential
12,668
Single Family
11,457
Multi-Family
1,211
Businesses
708
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angel Mora • eXp Realty
Mls Name: Smart MLS
Mls ID: #24149740