114 Emmett AvenueDerbyCT06418
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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
Investment Highlights
Rental property for sale in Derby at 114 Emmett Avenue, Derby, CT, 06418 priced at $364,000 pairs $3,442/mo rent with $968/mo cash flow after a $1,782/mo payment. Total monthly income equals $3,442/mo, and annual cash flow comes to $11,621/yr on $120,666 invested. Return on cash invested is 29.54% in year one, and rental yield stands at 11.35% on a $364,000 basis. Equity gained on principal adds $2,349/yr, and 5% annual appreciation accumulates to $100,566 by year five. Five-year ROI measures 155.29% and total cumulative return in cash reaches $187,385. For financing, Ziffy Mortgage’s DSCR program evaluates $3,442/mo property income against a $1,782/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06418, Derby, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,840 (100%) |
| Owner Occupied HU | 3,292 (56.4%) |
| Renter Occupied HU | 2,222 (38.0%) |
| Vacant Housing Units | 326 ( 5.6%) |
| Median Home Value | $294,454 |
| Average Home Value | $345,936 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,220
Multi-Family
259
Businesses
410
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Listed by: Marcia P. Izzo • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24127717
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.