196 North Main StreetNaugatuckCT06770
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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
Rental property for sale in Naugatuck at 196 North Main Street, Naugatuck, CT, 06770 priced at $415,000 converts $1,422/mo rent into after a $2,031/mo obligation. Total monthly income equals $1,422/mo. Return on cash invested prints 7.72% in year one, and rental yield reads 4.11% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 38.28% and total cumulative return in cash sums $52,665. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,422/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06770, Naugatuck, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,477 (100%) |
| Owner Occupied HU | 8,547 (63.4%) |
| Renter Occupied HU | 4,143 (30.7%) |
| Vacant Housing Units | 787 ( 5.8%) |
| Median Home Value | $291,402 |
| Average Home Value | $336,189 |
Housing Distribution
Address Breakdown
Residential
12,938
Single Family
12,061
Multi-Family
877
Businesses
810
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Listed by: Donn Wilson • Redfin Corporation
Mls Name: Smart MLS
Mls ID: #24125732