51 Carmel StreetHamdenCT06518
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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 51 Carmel Street, Hamden, CT, 06518 offers $3,814/mo rent that, after a $2,080/mo payment, leaves $927/mo cash flow. Total monthly income is $3,814/mo, and annual cash flow is $11,118/yr on $140,888 cash. Return on cash invested measures 27.8% in year one, and rental yield stands at 10.77% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 145.97% and total cumulative return in cash reaches $205,649. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,814/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06518, Hamden, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,635 (100%) |
| Owner Occupied HU | 4,430 (58.0%) |
| Renter Occupied HU | 2,395 (31.4%) |
| Vacant Housing Units | 810 (10.6%) |
| Median Home Value | $347,285 |
| Average Home Value | $380,215 |
Housing Distribution
Address Breakdown
Residential
6,999
Single Family
6,185
Multi-Family
814
Businesses
822
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Nearby investment properties with comparable prices
Listed by: Ann Marie Vitiello • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24103272