245 Montoe RoadWaterburyCT06704
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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
Rental property for sale in Waterbury at 245 Montoe Road, Waterbury, CT, 06704 priced at $284,900 pairs $2,640/mo rent with $510/mo cash flow after a $1,394/mo payment. Total monthly income equals $2,640/mo, and annual cash flow comes to $6,114/yr on $94,444 invested. Return on cash invested is 26.38% in year one, and rental yield stands at 11.12% on a $284,900 basis. Equity gained on principal adds $1,838/yr, and 5% annual appreciation accumulates to $78,713 by year five. Five-year ROI measures 139.26% and total cumulative return in cash reaches $131,519. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $1,394/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06704, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,037 (100%) |
| Owner Occupied HU | 4,066 (36.8%) |
| Renter Occupied HU | 6,049 (54.8%) |
| Vacant Housing Units | 922 ( 8.4%) |
| Median Home Value | $227,571 |
| Average Home Value | $292,325 |
Housing Distribution
Address Breakdown
Residential
10,091
Single Family
9,411
Multi-Family
680
Businesses
585
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Listed by: Jessica Boswell • LPT Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24129343
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.