227 Hillside AvenueWaterburyCT06710
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 227 Hillside Avenue, Waterbury, CT, 06710 in Waterbury worth study. Rental yield 3.22%. The 3.22% gross yield is below cash-flow benchmarks at $849,000, but 5% annual appreciation, adding $234,563 over five years, frames this as a capital growth position. Rent of $2,053/mo partially offsets the $3,818/mo payment. Ziffy Mortgage finances appreciation-play properties (0.54 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $85,037.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 7.1% |
| Monthly Cash Flow | $(3,487) | $450 |
City averages based on Waterbury market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,053 |
| Total Monthly Debt Service | $5,431 |
| DSCR Ratio | 0.38x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1920
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06710, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,295 (100%) |
| Owner Occupied HU | 1,122 (26.1%) |
| Renter Occupied HU | 2,572 (59.9%) |
| Vacant Housing Units | 601 (14.0%) |
| Median Home Value | $266,864 |
| Average Home Value | $333,697 |
Housing Distribution
Address Breakdown
Residential
4,044
Single Family
3,217
Multi-Family
827
Businesses
120
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
Multi Family
Built in 1920
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06710, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,295 (100%) |
| Owner Occupied HU | 1,122 (26.1%) |
| Renter Occupied HU | 2,572 (59.9%) |
| Vacant Housing Units | 601 (14.0%) |
| Median Home Value | $266,864 |
| Average Home Value | $333,697 |
Housing Distribution
Address Breakdown
Residential
4,044
Single Family
3,217
Multi-Family
827
Businesses
120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alban Dedvukaj • Lakeshore Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24099934
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.