60 Chestnut LaneHamdenCT06518
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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
Investment property for sale in Hamden at 60 Chestnut Lane, Hamden, CT, 06518 earns $29/mo cash flow from $1,659/mo rent with a $1,174/mo payment. Total monthly income totals $1,659/mo, and annual cash flow totals $350/yr on $79,527 capital. ROI tracks 20.35% on current figures, and rental yield reads 8.3% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 106.04% and total cumulative return in cash sums $84,331. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,659/mo property income instead of your personal income.
Single Family
Built in 1917
0.97 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: Jay Smolenski • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24135406