655 Evergreen AvenueHamdenCT06518
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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 655 Evergreen Avenue, Hamden, CT, 06518 listed at $484,000 pairs $3,480/mo rent with a $2,369/mo payment to leave $191/mo cash flow. Total monthly income runs $3,480/mo, and annual cash flow reaches $2,297/yr on $160,446 cash to close. Return on cash invested measures 21.34% in year one, and rental yield registers 8.63% at a $484,000 basis. Equity gained on principal adds $3,123/yr, and annual property appreciation at 5% supports $133,720 by year five. Five-year ROI tracks 111.32% and total cumulative return in cash totals $178,608. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,480/mo property income relative to a $2,369/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.38 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: Austin Miller • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24130164