53 Read StreetNew HavenCT06511
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 New Haven at 53 Read Street, New Haven, CT, 06511 generates $3,198/mo in rent and, after a $1,953/mo payment, leaves $487/mo in cash flow. Total monthly income is $3,198/mo, and annual cash flow is $5,843/yr on $132,269 invested. Return on cash invested sits at 24.33% in year one, and rental yield is 9.62% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 127.32% and total cumulative return in cash sums $168,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,198/mo property income rather than buyer’s personal income.
Multi Family
Built in 1910
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Nispel • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24112371