13 Alpha StMilfordCT06460
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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
Rental property for sale in Milford at 13 Alpha St, Milford, CT, 06460 priced at $399,000 converts $3,117/mo rent into $186/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,117/mo, and annual cash flow totals $2,231/yr on $132,269 invested. Return on cash invested prints 21.6% in year one, and rental yield reads 9.37% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 113.4% and total cumulative return in cash sums $149,990. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,117/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1957
7,405 sqft lot
$N/A/sqft
$220 monthly 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: Elizabeth Vernes • Oxford Property Group USA
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085562
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.