254 Candlewood Lake Road NorthNew MilfordCT06776
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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 New Milford at 254 Candlewood Lake Road North, New Milford, CT, 06776 uses $162,402 cash to close to unlock $4,899/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $3,817/mo, and a $2,398/mo payment keeps the spread at $408/mo. Purchase price stands at $489,900, and rental yield measures 9.35% with $3,817/mo rent. Return on cash invested shows 22.93% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 120.05% and total cumulative return in cash records $194,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,817/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.81 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
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Listed by: Joe Chemero • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24058791
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.