216 Madison StreetWaterburyCT06706
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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
Investment property for sale in Waterbury at 216 Madison Street, Waterbury, CT, 06706 offers a 9.82% rental yield on a $295,000 purchase with $2,413/mo rent. Total monthly income registers $2,413/mo, and a $1,444/mo payment leaves $409/mo available for distribution. Annual cash flow reaches $4,902/yr on $97,793 to close, and return on cash invested stands at 24.92% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 130.53% and total cumulative return in cash at $127,646. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,413/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06706, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,103 (100%) |
| Owner Occupied HU | 2,588 (42.4%) |
| Renter Occupied HU | 3,030 (49.6%) |
| Vacant Housing Units | 485 ( 7.9%) |
| Median Home Value | $161,751 |
| Average Home Value | $254,256 |
Housing Distribution
Address Breakdown
Residential
5,642
Single Family
5,035
Multi-Family
607
Businesses
398
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Listed by: Fernando Barreiro • Weichert REALTORS Briotti Group
Mls Name: Smart MLS
Mls ID: #24150613