23 Shirley Street #12WaterburyCT06708
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.59, 23 Shirley Street #12, Waterbury, CT, 06708 in Waterbury sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.05%. The 9.05% yield is backed by 5% annual appreciation projecting $38,099 in value gain, plus $1,156/yr in principal reduction. Total projected cumulative return: $40,159.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.1% |
| Monthly Cash Flow | $(172) | $450 |
City averages based on Waterbury market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,040 |
| Total Monthly Debt Service | $1,191 |
| DSCR Ratio | 0.87x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
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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
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Listed by: Carolyn Butkevich • Regency Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24216602
