2 Turtle LaneMilfordCT06460
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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 Milford at 2 Turtle Lane, Milford, CT, 06460 priced at $169,900 converts $1,358/mo rent into $203/mo cash flow after a $832/mo obligation. Total monthly income equals $1,358/mo, and annual cash flow totals $2,438/yr on $56,322 invested. Return on cash invested prints 24.24% in year one, and rental yield reads 9.59% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 126.94% and total cumulative return in cash sums $71,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,358/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 2005
3,920 sqft 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: Robert Forgette • Waterfronts Ltd
Mls Name: Smart MLS
Mls ID: #24144656