698 Second AvenueWest 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
Rental property for sale in West Haven at 698 Second Avenue, West Haven, CT, 06516 generates $2,928/mo in rent and, after a $1,713/mo payment, leaves $550/mo in cash flow. Total monthly income is $2,928/mo, and annual cash flow is $6,602/yr on $115,992 invested. Return on cash invested sits at 25.6% in year one, and rental yield is 10.04% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 134.19% and total cumulative return in cash sums $155,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,928/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
5,662 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: Frantz Paulemon • Global Real Estate Services, LLC
Mls Name: Smart MLS
Mls ID: #24093450