194 Smith StreetDerbyCT06418
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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 Derby at 194 Smith Street, Derby, CT, 06418 priced at $420,000 converts $3,582/mo rent into $728/mo cash flow after a $2,056/mo obligation. Total monthly income equals $3,582/mo, and annual cash flow totals $8,736/yr on $139,230 invested. Return on cash invested prints 26.18% in year one, and rental yield reads 10.23% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. Five-year ROI reaches 137.26% and total cumulative return in cash sums $191,107. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,582/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Single Family
Built in 1956
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06418, Derby, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,840 (100%) |
| Owner Occupied HU | 3,292 (56.4%) |
| Renter Occupied HU | 2,222 (38.0%) |
| Vacant Housing Units | 326 ( 5.6%) |
| Median Home Value | $294,454 |
| Average Home Value | $345,936 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,220
Multi-Family
259
Businesses
410
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Listed by: Nicolle C. Estrella • eXp Realty
Mls Name: Smart MLS
Mls ID: #24132910