116 Great Brook RoadNew MilfordCT06776
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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
Total monthly income runs $2,553/mo, and a $1,840/mo payment. Purchase price stands at $375,900, and rental yield measures 8.15% with $2,553/mo rent. Return on cash invested shows 19.9% in year one, and 5% annual appreciation builds toward $103,854 over five years. Five-year ROI reaches 103.58% and total cumulative return in cash records $129,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,553/mo property income covering a $1,840/mo payment rather than investor’s personal income.
Single Family
Built in 1944
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
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Listed by: Joe Chemero • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24135978