624 Benham StHamdenCT06514
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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 624 Benham St, Hamden, CT, 06514 uses $116,025 cash to close to unlock $7,102/yr annual cash flow and $592/mo monthly cash flow. Total monthly income runs $3,020/mo, and a $1,713/mo payment keeps the spread at $592/mo. Purchase price stands at $349,999, and rental yield measures 10.35% with $3,020/mo rent. Return on cash invested shows 26.03% in year one, and 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 136.65% and total cumulative return in cash records $158,546. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,020/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.40 Acres lot
$N/A/sqft
No HOA
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Listed by: Daniel Del Prete • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24082754
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