16 Irene AveWaterburyCT06705
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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
Investment property for sale in Waterbury at 16 Irene Ave, Waterbury, CT, 06705 at $315,000 posts ROI 23.72% with $332/mo cash flow from $2,902/mo rent. Total monthly income equals $2,902/mo, and annual cash flow records $3,985/yr on $104,423 to close. Return on cash invested measures 23.72% and rental yield reads 11.06% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 125.93% and total cumulative return in cash totals $131,501.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,902/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1994
0.31 Acres 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: Matthew Salvatore • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081835
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.