Three Family with First Floor Vacancy

+2 photos

NOI

$40,213

DSCR

1.07

Cap

ROI

Listing Details

$589,000

Three Family with First Floor Vacancy

225 Winthrop Avenue, New Haven, CT

3 Family . $196,333/unit

$589,000

Listed By

Connor Wenchell

VC Property Group

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Est. $4,172 /mo

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Property Snapshot

52% Proforma

Property Type

3 Family

Building(s)

Sqft

3886 sqft

Parcel(s)

Lot Size

5663 acres

Year Built

1918

Highlights

First floor vacancy
Close proximity to Yale

Property Description

This three family is in the Dwight neighborhood of New Haven and features a first floor vacancy! All three floors consist of (3) bedrooms, (1) bathroom, and a washer/drier hookup. This location is very close to Yale University and Yale healthcare facilities. Shared backyard for all tenants and street parking only.

Property Features

Utilities & Systems

Heating

Natural Gas

Hot Water

Natural Gas

Water

Public

Sewer

Public

Trash

City Pick-up

Electric

Site Amenities

Parking

Unit Amenities

N/A

Residential Income

Current vs Proforma

3 Bed, 1 Bath

$1,450

3 Bed, 1 Bath

$1,350

Monthly

$2,800

$5,400

Annual

$33,600

$64,800

Operating Expenses

Annualized

Property Taxes

$8,441

Insurance

$4,000

HOA

Electric

Heating

Water / Sewer

$2,000

Trash

CAM

Payroll & Benefits

Administrative

Marketing / Leasing

Vacancy - Residential

$1,680

$3,240

Vacancy - Commercial

Maintenance

$1,596

$3,078

Management

$1,596

$3,078

Others

Resi Reserves ($/unit)

$750

Comm Reserves ($/sqft)

Total Expenses

$20,063

$24,587

Loan Terms

Scenario Builder

Sale Price

$589,000

Loan Term

30 Years years

Rate

7%%

LTV

80%%

P&I

$3,135

Annualized

$37,619

Net Cash Flow

$-24,082

$2,594

Request loan quote from VC Property Group.

Connor Wenchell

VC Property Group

Request Info

Call

Connor Wenchell

VC Property Group

Connor Wenchell

VC Property Group

Call

Connor Wenchell

VC Property Group