16 Caroline DrMilfordCT06461
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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 16 Caroline Dr, Milford, CT, 06461 priced at $699,000 pairs $3,815/mo rent with after a $3,421/mo payment. Total monthly income equals $3,815/mo. Return on cash invested is 15.19% in year one, and rental yield stands at 6.55% on a $699,000 basis. Equity gained on principal adds $4,511/yr, and 5% annual appreciation accumulates to $193,121 by year five. Five-year ROI measures 78.28% and total cumulative return in cash reaches $180,026. For financing, Ziffy Mortgage’s DSCR program evaluates $3,815/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Stephanie Ellison • Ellison Homes Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24078555
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.