62 Strathmore RoadWest HavenCT06516
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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 West Haven at 62 Strathmore Road, West Haven, CT, 06516 uses $116,025 cash to close to unlock $6,108/yr annual cash flow and $509/mo monthly cash flow. Total monthly income runs $2,887/mo, and a $1,713/mo payment keeps the spread at $509/mo. Purchase price stands at $350,000, and rental yield measures 9.9% with $2,887/mo rent. Return on cash invested shows 25.17% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 131.86% and total cumulative return in cash records $152,990. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,887/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1942
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06516, West Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,840 (100%) |
| Owner Occupied HU | 11,877 (52.0%) |
| Renter Occupied HU | 9,766 (42.8%) |
| Vacant Housing Units | 1,197 ( 5.2%) |
| Median Home Value | $306,107 |
| Average Home Value | $333,389 |
Housing Distribution
Address Breakdown
Residential
21,891
Single Family
17,105
Multi-Family
4,786
Businesses
1,373
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Listed by: Jessica Edward • YellowBrick Real Estate LLC
Mls Name: Smart MLS
Mls ID: #24148857