196 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 196 Echo Lake Road, Watertown, CT, 06795 priced at $449,900 pairs $2,978/mo rent with after a $2,202/mo payment. Total monthly income equals $2,978/mo. Return on cash invested is 19.27% in year one, and rental yield stands at 7.94% on a $449,900 basis. Equity gained on principal adds $2,903/yr, and 5% annual appreciation accumulates to $124,299 by year five. Five-year ROI measures 100.25% and total cumulative return in cash reaches $149,518. For financing, Ziffy Mortgage’s DSCR program evaluates $2,978/mo property income against a $2,202/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1890
0.37 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick A. McCullough • R.A. McCullough Homes, LLC
Mls Name: Smart MLS
Mls ID: #24137321