117 Cherry AvenueWatertownCT06795
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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 Watertown at 117 Cherry Avenue, Watertown, CT, 06795 priced at $360,000 pairs $3,572/mo rent with $1,126/mo cash flow after a $1,762/mo payment. Total monthly income equals $3,572/mo, and annual cash flow comes to $13,512/yr on $119,340 invested. Return on cash invested is 31.23% in year one, and rental yield stands at 11.91% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 164.33% and total cumulative return in cash reaches $196,113. For financing, Ziffy Mortgage’s DSCR program evaluates $3,572/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06795, Watertown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,643 (100%) |
| Owner Occupied HU | 4,618 (81.8%) |
| Renter Occupied HU | 803 (14.2%) |
| Vacant Housing Units | 222 ( 3.9%) |
| Median Home Value | $350,723 |
| Average Home Value | $417,072 |
Housing Distribution
Address Breakdown
Residential
5,526
Single Family
5,267
Multi-Family
259
Businesses
717
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Listed by: Amanda Nemense • Showcase Realty, Inc.
Mls Name: Smart MLS
Mls ID: #24141395