118 McQuillan DriveMilfordCT06460
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 Milford at 118 McQuillan Drive, Milford, CT, 06460 priced at $176,000 pairs $1,355/mo rent with $160/mo cash flow after a $861/mo payment. Total monthly income equals $1,355/mo, and annual cash flow comes to $1,915/yr on $58,344 invested. Return on cash invested is 23.19% in year one, and rental yield stands at 9.24% on a $176,000 basis. Equity gained on principal adds $1,136/yr, and 5% annual appreciation accumulates to $48,626 by year five. Five-year ROI measures 121.26% and total cumulative return in cash reaches $70,749. For financing, Ziffy Mortgage’s DSCR program evaluates $1,355/mo property income against a $861/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06460, Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,754 (100%) |
| Owner Occupied HU | 11,878 (66.9%) |
| Renter Occupied HU | 4,817 (27.1%) |
| Vacant Housing Units | 1,059 ( 6.0%) |
| Median Home Value | $442,741 |
| Average Home Value | $513,461 |
Housing Distribution
Address Breakdown
Residential
17,615
Single Family
16,625
Multi-Family
990
Businesses
2,440
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Listed by: Dena Liberman • Weichert, Realtors-On The Mark
Mls Name: Smart MLS
Mls ID: #24127356