15 Cedar Knolls DriveNew MilfordCT06776
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 15 Cedar Knolls Drive, New Milford, CT, 06776 in New Milford: $5,352/mo in rent, $1,153/mo net, 10.44% gross yield, all on a $615,000 acquisition. The 1.94 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $169,913 in value, and $5,664/yr in principal paydown steadily builds equity. Projected total cumulative return: $309,110.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.0% |
| Monthly Cash Flow | $1,153 | $200 |
City averages based on New Milford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,352 |
| Total Monthly Debt Service | $3,955 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
0.42 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
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
Single Family
Built in 2004
0.42 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chelsea Stinson • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24101095
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.