1159 Highland Ave UNIT 24AWaterburyCT06708
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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
Investment property for sale in Waterbury at 1159 Highland Ave UNIT 24A, Waterbury, CT, 06708 offers a 11.85% rental yield on a $215,000 purchase with $2,123/mo rent. Total monthly income registers $2,123/mo, and a $1,052/mo payment leaves $363/mo available for distribution. Annual cash flow reaches $4,350/yr on $71,273 to close, and return on cash invested stands at 26.01% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 138.22% and total cumulative return in cash at $98,509. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,123/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
$300 monthly HOA
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Listed by: BROOKE TEAM AT EXP REALTY • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092511
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.