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Step into a remarkable real estate opportunity in the heart of West Haven. This classic 1928 colonial beautifully balances character with turnkey functionality. Currently operating as a highly efficient rooming house boasting a 10. 9% CAP rate, this property offers incredible versatility for visionary investors or owner occupants seeking a built in income potential. Inside, you will find six spacious bedrooms across a generous layout with beautiful hardwood flooring throughout. Situated on a level, sidewalk lined street, the neighborhood is quiet and charming, all while keeping you connected to everything you need. The home is within easy walking distance to the University of New Haven campus, which makes it a super desirable spot for student housing or local professionals. On sunny afternoons, you can enjoy a short stroll to the neighborhood park and basketball courts, or take advantage of the nearby library. Commuting is also a breeze with bus lines just steps away and easy access to major local highways. Whether you are looking to expand your investment portfolio or find a spacious home with an unparalleled local vibe, this property is ready to deliver.
| Type | Level |
|---|---|
| Bedroom 1 | Main |
| Bedroom 2 | Upper |
| Bedroom 3 | Upper |
| Bedroom 4 | Upper |
| Bedroom 5 | Main |
| Kitchen | Main |
| Primary Bedroom | Main |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $300,000 | $300,000 | $300,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.628% | 5.933% |
| Monthly Tax Payment | $524 | $524 | $524 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,823 | $1,894 | $2,491 |
| Total Monthly Payment | $2,422 | $2,493 | $3,090 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.