75 Washington Ave UNIT 7-305HamdenCT06518
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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 75 Washington Ave UNIT 7-305, Hamden, CT, 06518 uses $82,875 cash to close to unlock $4,644/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $2,086/mo, and a $1,224/mo payment keeps the spread at $387/mo. Purchase price stands at $250,000, and rental yield measures 10.01% with $2,086/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 133.69% and total cumulative return in cash records $110,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,086/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1997
N/A 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: N/A • N/A
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