1 Riverwalk Dr #1WeatogueCT06089
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 1 Riverwalk Dr #1, Weatogue, CT, 06089 in Weatogue, $379,900, 8.52% gross yield, $116/mo net income. Consider it a market-entry position, the $2,697/mo rent covers the $1,708/mo payment with a margin, and 5%/yr appreciation is projected to add $104,959 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.58) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $152,553.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $116 | $1,500 |
City averages based on Weatogue market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,697 |
| Total Monthly Debt Service | $2,430 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06089, Weatogue, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,060 (51.0%) |
| Renter Occupied HU | 943 (45.4%) |
| Vacant Housing Units | 74 ( 3.6%) |
| Median Home Value | $454,777 |
| Average Home Value | $486,580 |
Housing Distribution
Address Breakdown
Residential
2,011
Single Family
1,746
Multi-Family
265
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06089, Weatogue, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,060 (51.0%) |
| Renter Occupied HU | 943 (45.4%) |
| Vacant Housing Units | 74 ( 3.6%) |
| Median Home Value | $454,777 |
| Average Home Value | $486,580 |
Housing Distribution
Address Breakdown
Residential
2,011
Single Family
1,746
Multi-Family
265
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Margo Ross • William Raveis Real Estate
Mls Name: William Raveis Real Estate, Mortgage & Insurance
Mls ID: #24130021