19 Summer PlaceMilfordCT06460
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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 Milford at 19 Summer Place, Milford, CT, 06460 with 5% annual appreciation on a $435,000 basis while $3,599/mo rent supports operations. Total monthly income totals $3,599/mo and a $2,129/mo payment preserves $644/mo for cash returns. Annual cash flow comes to $7,722/yr on $144,203 deployed, and return on cash invested reaches 25.26% in year one. Equity gained on principal adds $2,807/yr, and five-year appreciation sums $120,182 alongside rental yield of 9.93%. Five-year ROI measures 132.36% and total cumulative return in cash totals $190,860.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,599/mo property income versus a $2,129/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.50 Acres 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
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Listed by: Mike W. Tarantino • West Shore Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24091881
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