583 Sherman PkwyNew 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
Investment property for sale in New Haven at 583 Sherman Pkwy, New Haven, CT, 06511 at $350,000 posts ROI 21.24% with $129/mo cash flow from $2,507/mo rent. Total monthly income equals $2,507/mo, and annual cash flow records $1,548/yr on $116,025 to close. Return on cash invested measures 21.24% and rental yield reads 8.6% at the current $350,000. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 by year five. Five-year ROI prints 110.79% and total cumulative return in cash totals $128,546.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,507/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
10,018 sqft 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: Naftali Caplan • Caplan Realty Corp.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088442
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.