855 Prospect 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 855 Prospect Street, Hamden, CT, 06517 priced at $379,900 pairs $2,729/mo rent with $148/mo cash flow after a $1,859/mo payment. Total monthly income equals $2,729/mo, and annual cash flow comes to $1,778/yr on $125,937 invested. Return on cash invested is 21.32% in year one, and rental yield stands at 8.62% on a $379,900 basis. Equity gained on principal adds $2,451/yr, and 5% annual appreciation accumulates to $104,959 by year five. Five-year ROI measures 111.24% and total cumulative return in cash reaches $140,093. For financing, Ziffy Mortgage’s DSCR program evaluates $2,729/mo property income against a $1,859/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.58 Acres 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: Ronald T. Forcier • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24141869