65 Spring Garden StreetHamdenCT06517
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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 65 Spring Garden Street, Hamden, CT, 06517 generates $3,822/mo in rent and, after a $2,437/mo payment, leaves $391/mo in cash flow. Total monthly income is $3,822/mo, and annual cash flow is $4,688/yr on $165,087 invested. Return on cash invested sits at 22.75% in year one, and rental yield is 9.21% on a $498,000 entry. Equity gained on principal adds $3,214/yr, while 5% annual appreciation builds toward $137,588 over five years. Five-year ROI reaches 118.99% and total cumulative return in cash sums $196,444. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,822/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06517, Hamden, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,115 (100%) |
| Owner Occupied HU | 4,076 (57.3%) |
| Renter Occupied HU | 2,616 (36.8%) |
| Vacant Housing Units | 423 ( 5.9%) |
| Median Home Value | $379,547 |
| Average Home Value | $434,446 |
Housing Distribution
Address Breakdown
Residential
6,786
Single Family
5,685
Multi-Family
1,101
Businesses
452
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Listed by: Gena Ruocco-Lockery • GRL & Realtors, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24105203
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.