18 Chapel Street APT DMilfordCT06460
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 Milford at 18 Chapel Street APT D, Milford, CT, 06460 priced at $335,000 pairs $2,774/mo rent with $498/mo cash flow after a $1,640/mo payment. Total monthly income equals $2,774/mo, and annual cash flow comes to $5,970/yr on $111,053 invested. Return on cash invested is 25.28% in year one, and rental yield stands at 9.94% on a $335,000 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,554 by year five. Five-year ROI measures 132.49% and total cumulative return in cash reaches $147,128. For financing, Ziffy Mortgage’s DSCR program evaluates $2,774/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06460, Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,754 (100%) |
| Owner Occupied HU | 11,878 (66.9%) |
| Renter Occupied HU | 4,817 (27.1%) |
| Vacant Housing Units | 1,059 ( 6.0%) |
| Median Home Value | $442,741 |
| Average Home Value | $513,461 |
Housing Distribution
Address Breakdown
Residential
17,615
Single Family
16,625
Multi-Family
990
Businesses
2,440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rafael Suarez • Yellowbrick Real Estate LLC
Mls Name: Smart MLS
Mls ID: #24146793