216 Morro StreetWatertownCT06779
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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
Investment property for sale in Watertown at 216 Morro Street, Watertown, CT, 06779 uses $131,937 cash to close to unlock $3,910/yr annual cash flow and $326/mo monthly cash flow. Total monthly income runs $3,030/mo, and a $1,948/mo payment keeps the spread at $326/mo. Purchase price stands at $397,999, and rental yield measures 9.14% with $3,030/mo rent. Return on cash invested shows 22.87% in year one, and 5% annual appreciation builds toward $109,960 over five years. Five-year ROI reaches 119.52% and total cumulative return in cash records $157,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,030/mo property income covering a $1,948/mo payment rather than investor’s personal income.
Single Family
Built in 1950
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06779, Oakville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,674 (100%) |
| Owner Occupied HU | 2,556 (69.6%) |
| Renter Occupied HU | 951 (25.9%) |
| Vacant Housing Units | 167 ( 4.5%) |
| Median Home Value | $270,833 |
| Average Home Value | $303,960 |
Housing Distribution
Address Breakdown
Residential
3,358
Single Family
3,358
Multi-Family
0
Businesses
193
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Listed by: Jason D. Malagutti • Regency Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24112382
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.