89 Eddon DriveEast HavenCT06512
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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 East Haven at 89 Eddon Drive, East Haven, CT, 06512 uses $186,872 cash to close to unlock $14,122/yr annual cash flow and $1,177/mo monthly cash flow. Total monthly income runs $5,036/mo, and a $2,780/mo payment keeps the spread at $1,177/mo. Purchase price stands at $568,000, and rental yield measures 10.64% with $5,036/mo rent. Return on cash invested shows 27.62% in year one, and 5% annual appreciation builds toward $156,928 over five years. Five-year ROI reaches 144.94% and total cumulative return in cash records $270,861. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,036/mo property income covering a $2,780/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06512, East Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,438 (100%) |
| Owner Occupied HU | 8,576 (63.8%) |
| Renter Occupied HU | 3,984 (29.6%) |
| Vacant Housing Units | 878 ( 6.5%) |
| Median Home Value | $323,792 |
| Average Home Value | $369,374 |
Housing Distribution
Address Breakdown
Residential
12,668
Single Family
11,457
Multi-Family
1,211
Businesses
708
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Listed by: Nicholas Tarquino • Carbutti & Co., Realtors
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24129646
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.