116 Hamden Avenue APT KWaterburyCT06704
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
Investment Highlights
Rental property for sale in Waterbury at 116 Hamden Avenue APT K, Waterbury, CT, 06704 priced at $170,000 pairs $1,353/mo rent with $198/mo cash flow after a $832/mo payment. Total monthly income equals $1,353/mo, and annual cash flow comes to $2,376/yr on $56,355 invested. Return on cash invested is 24.13% in year one, and rental yield stands at 9.55% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 126.22% and total cumulative return in cash reaches $71,133. For financing, Ziffy Mortgage’s DSCR program evaluates $1,353/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06704, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,037 (100%) |
| Owner Occupied HU | 4,066 (36.8%) |
| Renter Occupied HU | 6,049 (54.8%) |
| Vacant Housing Units | 922 ( 8.4%) |
| Median Home Value | $227,571 |
| Average Home Value | $292,325 |
Housing Distribution
Address Breakdown
Residential
10,091
Single Family
9,411
Multi-Family
680
Businesses
585
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Listed by: Hector G. Rodriguez • Grassy Hills Realty Group LLC
Mls Name: Smart MLS
Mls ID: #24117931