58 East Gate Lane #58HamdenCT06514
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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 Hamden at 58 East Gate Lane #58, Hamden, CT, 06514 generates $2,768/mo in rent and, after a $1,297/mo payment, leaves $599/mo in cash flow. Total monthly income is $2,768/mo, and annual cash flow is $7,182/yr on $87,848 invested. Return on cash invested sits at 28.08% in year one, and rental yield is 12.53% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 149.32% and total cumulative return in cash sums $131,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,768/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$369 monthly HOA
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Listed by: Edyta Leoniuk • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24108520
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