55 Forest StreetHamdenCT06518
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 55 Forest Street, Hamden, CT, 06518 priced at $380,000 converts $2,717/mo rent into $135/mo cash flow after a $1,860/mo obligation. Total monthly income equals $2,717/mo, and annual cash flow totals $1,620/yr on $125,970 invested. Return on cash invested prints 21.2% in year one, and rental yield reads 8.58% against a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,987 by year five. Five-year ROI reaches 110.52% and total cumulative return in cash sums $139,225. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,717/mo property income covering a $1,860/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.26 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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Listed by: Towanna L. Randall • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24149516