55 Kings HighwayNorth HavenCT06473
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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
Rental property for sale in North Haven at 55 Kings Highway, North Haven, CT, 06473 offers $3,300/mo rent that, after a $2,746/mo payment. Total monthly income is $3,300/mo. Return on cash invested measures 16.73% in year one, and rental yield stands at 7.06% at a $561,000 entry. Equity gained on principal adds $3,620/yr while 5% annual appreciation compounds into $154,994 by year five. Five-year ROI records 86.59% and total cumulative return in cash reaches $159,823. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,300/mo property income versus a $2,746/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06473, North Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,395 (100%) |
| Owner Occupied HU | 8,187 (78.8%) |
| Renter Occupied HU | 1,790 (17.2%) |
| Vacant Housing Units | 418 ( 4.0%) |
| Median Home Value | $400,420 |
| Average Home Value | $448,636 |
Housing Distribution
Address Breakdown
Residential
10,118
Single Family
9,138
Multi-Family
980
Businesses
1,427
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Listed by: Sylvia A. Mitchell • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24114189