75 Redwood Dr UNIT 1301East HavenCT06513
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 75 Redwood Dr UNIT 1301, East Haven, CT, 06513 in East Haven at $219,000 earns $1,814/mo in rent and nets $20/mo after the $985/mo payment, a 9.94% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $60,506 over five years. Ziffy Mortgage underwrites this on a 1.84 DSCR without U.S. credit history. With $2,017/yr in principal paydown, total projected return reaches $86,218.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.2% |
| Monthly Cash Flow | $20 | $1,200 |
City averages based on East Haven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,814 |
| Total Monthly Debt Service | $1,707 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
N/A lot
$N/A/sqft
$306 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06513, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,051 (100%) |
| Owner Occupied HU | 5,507 (34.3%) |
| Renter Occupied HU | 9,655 (60.2%) |
| Vacant Housing Units | 889 ( 5.5%) |
| Median Home Value | $300,662 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
11,159
Multi-Family
3,073
Businesses
709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1988
N/A lot
$N/A/sqft
$306 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06513, New Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,051 (100%) |
| Owner Occupied HU | 5,507 (34.3%) |
| Renter Occupied HU | 9,655 (60.2%) |
| Vacant Housing Units | 889 ( 5.5%) |
| Median Home Value | $300,662 |
| Average Home Value | $367,579 |
Housing Distribution
Address Breakdown
Residential
14,232
Single Family
11,159
Multi-Family
3,073
Businesses
709
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carla Stitz • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089137
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.