520 Hartford TurnpikeHamdenCT06517
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
Rental property for sale in Hamden at 520 Hartford Turnpike, Hamden, CT, 06517 priced at $329,000 converts $2,590/mo rent into $355/mo cash flow after a $1,610/mo obligation. Total monthly income equals $2,590/mo, and annual cash flow totals $4,259/yr on $109,064 invested. Return on cash invested prints 23.81% in year one, and rental yield reads 9.45% against a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,897 by year five. Five-year ROI reaches 124.57% and total cumulative return in cash sums $135,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,590/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 1948
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06517, Hamden, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 4,076 (57.3%) |
| Renter Occupied HU | 2,616 (36.8%) |
| Vacant Housing Units | 423 ( 5.9%) |
| Median Home Value | $379,547 |
| Average Home Value | $434,446 |
Housing Distribution
Address Breakdown
Residential
6,786
Single Family
5,685
Multi-Family
1,101
Businesses
452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Moreggi • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24122781