17 1st AvenueWaterfordCT06385
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
Investment property for sale in Waterford at 17 1st Avenue, Waterford, CT, 06385 uses $135,584 cash to close to unlock $5,879/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $3,269/mo, and a $2,002/mo payment keeps the spread at $490/mo. Purchase price stands at $409,000, and rental yield measures 9.59% with $3,269/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 126.87% and total cumulative return in cash records $172,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,269/mo property income covering a $2,002/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Morrissette • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090772
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.