55 Walnut Street APT 8New HavenCT06511
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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 New Haven at 55 Walnut Street APT 8, New Haven, CT, 06511 generates $2,117/mo in rent and, after a $1,468/mo payment, leaves $79/mo in cash flow. Total monthly income is $2,117/mo, and annual cash flow is $950/yr on $99,425 invested. Return on cash invested sits at 20.86% in year one, and rental yield is 8.47% on a $299,925 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,864 over five years. Five-year ROI reaches 108.79% and total cumulative return in cash sums $108,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,117/mo property income rather than buyer’s personal income.
Condo
Built in 1993
N/A 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
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Listed by: Jayson G. Kemp • Five Stars Realty
Mls Name: Smart MLS
Mls ID: #24145671