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$61,539

NOI

1.51

DSCR

9%

Cap

24%

ROI
NOI
$61,539
DSCR
1.51
Cap
9%
ROI
24%
$679,000
Late 19th Century 3 Family

607 Elm Street, New Haven, CT

3 Family . $226,333/unit

$679,000

Connor Wenchell

VC Property Group

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Est. $4,373 /mo

Get Pre-Approved
Description Income Loan Terms

$31,659

NOI

0.78

DSCR

5%

Cap

-5%

ROI
% Proforma : % Proforma
63%
 Parking
Off Street
Property Type Type
3 Family
 Heating
Natural Gas
Buildings
1
 Hot Water
Natural Gas
Parcel(s)
1
 Sewer
Public
Year Built
1880
 Water
Public
Occupancy Occ.
100%
 Trash
City Pick-up
Sqft
4402 sqft
 Utility Split
Tenant Paid
Lot Size
6098 acres
 Sprinklers
No
Highlights
  • Off-street parking
  • Stellar curb appeal
  • Troup School grounds across the street

A beautiful 3 family investment with all 3 bedrooms in the Dwight neighborhood of New Haven! Very close to Yale University, Yale Hospital, and the downtown shops and restaurants. Off street parking is a huge bonus and the property is located directly across from the Troup School grounds. Pursue a lease up strategy and achieve over a 10 percent return on investment. Three families in this neighborhood do not last long on the market so don’t wait to reach out!

Product Description

A beautiful 3 family investment with all 3 bedrooms in the Dwight neighborhood of New Haven! Very close to Yale University, Yale Hospital, and the downtown shops and restaurants. Off street parking is a huge bonus and the property is located directly across from the Troup School grounds. Pursue a lease up strategy and achieve over a 10 percent return on investment. Three families in this neighborhood do not last long on the market so don’t wait to reach out!
Property Snapshot
63% Proforma
Property Type
3 Family
Building(s)
1
Sqft
4402 sqft
Parcel(s)
1
Lot Size
6098 acres
Year Built
1880
Property Description

A beautiful 3 family investment with all 3 bedrooms in the Dwight neighborhood of New Haven! Very close to Yale University, Yale Hospital, and the downtown shops and restaurants. Off street parking is a huge bonus and the property is located directly across from the Troup School grounds. Pursue a lease up strategy and achieve over a 10 percent return on investment. Three families in this neighborhood do not last long on the market so don’t wait to reach out!

Property Features
Utilities & Systems
Heating
Natural Gas
Hot Water
Natural Gas
Water
Public
Sewer
Public
Trash
City Pick-up
Electric
500
Site Amenities
Parking
Off Street
Unit Amenities
N/A
Residential Income
Current vs Proforma
3 Bed, 1 Bath
$1,280
3 Bed, 1 Bath
$1,280
3 Bed, 1 Bath
$1,700
Monthly
$4,260
$6,750
Annual
$51,120
$81,000
Operating Expenses
Annualized
Property Taxes
$9,117
Insurance
$2,700
HOA
$0
Electric
$500
Heating
$0
Water / Sewer
$0
Trash
$0
Vacancy
$2,430
Maintenance
$2,357
Management
$2,357
Others
$0
Total Expenses
$19,461
$19,461
Loan Terms
Scenario Builder
Sale Price
$679,000
Loan Term
30
Rate
7%
LTV
75%
P&I
$3,388
$3,388
Request loan quote from VC Property Group.
Connor Wenchell
Connor Wenchell
VC Property Group

Connor Wenchell


VC Property Group

Email
Call