16 Harry Brook Village #16New MilfordCT06776
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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 New Milford at 16 Harry Brook Village #16, New Milford, CT, 06776 generates $2,353/mo in rent and, after a $1,165/mo payment, leaves $420/mo in cash flow. Total monthly income is $2,353/mo, and annual cash flow is $5,038/yr on $78,897 invested. Return on cash invested sits at 26.29% in year one, and rental yield is 11.86% on a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 139.62% and total cumulative return in cash sums $110,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,353/mo property income rather than buyer’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$316 monthly 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
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Listed by: Melissa Longo • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24116777
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.