510 1st Ave UNIT 107West 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
Total monthly income runs $1,501/mo, and a $930/mo payment. Purchase price stands at $189,999, and rental yield measures 9.48% with $1,501/mo rent. Return on cash invested shows 15.93% in year one, and 5% annual appreciation builds toward $52,493 over five years. Five-year ROI reaches 85.26% and total cumulative return in cash records $53,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,501/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 2012
N/A lot
$N/A/sqft
$320 monthly 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: Kim B. Simone • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079536
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.