163 Echo Lake RoadWatertownCT06795
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
Investment Highlights
Rental property for sale in Watertown at 163 Echo Lake Road, Watertown, CT, 06795 priced at $375,000 converts $4,108/mo rent into $1,561/mo cash flow after a $1,835/mo obligation. Total monthly income equals $4,108/mo, and annual cash flow totals $18,726/yr on $124,313 invested. Return on cash invested prints 34.97% in year one, and rental yield reads 13.15% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 184.43% and total cumulative return in cash sums $229,275. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,108/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Multi Family
Built in 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06795, Watertown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,643 (100%) |
| Owner Occupied HU | 4,618 (81.8%) |
| Renter Occupied HU | 803 (14.2%) |
| Vacant Housing Units | 222 ( 3.9%) |
| Median Home Value | $350,723 |
| Average Home Value | $417,072 |
Housing Distribution
Address Breakdown
Residential
5,526
Single Family
5,267
Multi-Family
259
Businesses
717
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Listed by: Robert Marucci • Better Living Realty, LLC
Mls Name: Smart MLS
Mls ID: #24143439