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$455,900

For Sale - Active
96 Harding Ave, West Haven, CT 06516
3 Beds
2 Baths
1,308 Square Feet
0.00 Acres Lot
Built in 1936
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Apr 23, 2025 at 07:00PM

Investment Summary


Monthly Cash Flow
-$675
Cap Rate
3.9%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.5%

Property Description


0.00 Acres Lot
Built in 1936
For Sale - Active
Units n/a

This West Shore colonial home is conveniently located just a short distance to miles of beautiful beach. This home offers many updates which include; Remodeled full bath, Stainless steel kitchen appliances, Stackable washer dryer closet or hookup in basement, Paver Patio, Newer Roof, Generator Hookup, Main level offers a great floor plan, Open dining/living room, updated kitchen, Spacious family room or 4th bedroom with fireplace, Hardwood floors with tile in kitchen and bathrooms, Head upstairs to a full bath and 3 bedrooms, pull down stairs to attic, Step outside and enjoy the shore breeze on your paver patio, Fenced in yard. Close to train station, 15 minutes from Tweed New Haven airport, Yale University & Hospital, and I-95 & I-91. Scenic walk to beach.

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Location


Property Details


Parking

  • Description: Garage
  • Details: None, Paved
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Partially Finished, Sump Pump, Walk-Out Access, Crawl Space, Concrete
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Block
  • Roof Type: Gable
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: WHAVM:0014B:0161L:0000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1936

Tax Information

  • Annual Tax: $6,229

Utilities

  • Water & Sewer: Public
  • Heating: Oil, Forced Air, Hot Water, Active Solar
  • Cooling: Central Air

Location

  • County: New Haven

Listing Details


Listed by:
Derek Greene
Derek Greene
(860) 560-1006

Source:
SmartMLS
MLS#: 24079456
SmartMLS

Investment Summary


Monthly Cash Flow
-$675
Cap Rate
3.9%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-3.5%

Purchase Details

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Purchase price:
$455,900
Amount financed:
-$364,720
Down payment:
$91,180
Closing costs:
$13,677
Rehab costs:
$0
Initial cash invested:
$104,857
Square feet:
1,308
Cost per square foot:
$349
Monthly rent per square foot:
$2.22

Financing Details

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Loan amount:
$364,720
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,157
Property tax:
$519
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,879

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$519-$6,229
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$1,244-$14,929

Cash Flow


Monthly Yearly
Net operating income:
$1,482 $17,784
Mortgage payments:
-$2,157 -$25,884
Cash flow:
$675 $8,100