1448 Meriden Road APT 8WaterburyCT06705
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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 Waterbury at 1448 Meriden Road APT 8, Waterbury, CT, 06705 generates $1,428/mo in rent and, after a $876/mo payment, leaves $212/mo in cash flow. Total monthly income is $1,428/mo, and annual cash flow is $2,543/yr on $59,339 invested. Return on cash invested sits at 24.19% in year one, and rental yield is 9.57% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 126.62% and total cumulative return in cash sums $75,135. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,428/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06705, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,255 (100%) |
| Owner Occupied HU | 5,011 (40.9%) |
| Renter Occupied HU | 6,540 (53.4%) |
| Vacant Housing Units | 704 ( 5.7%) |
| Median Home Value | $229,173 |
| Average Home Value | $251,857 |
Housing Distribution
Address Breakdown
Residential
11,275
Single Family
9,810
Multi-Family
1,465
Businesses
786
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Listed by: Jeanine Blanchette • Showcase Realty, Inc.
Mls Name: Smart MLS
Mls ID: #24109339