279 New Haven Avenue APT HMilfordCT06460
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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
Rental property for sale in Milford at 279 New Haven Avenue APT H, Milford, CT, 06460 priced at $339,000 pairs $3,208/mo rent with $905/mo cash flow after a $1,659/mo payment. Total monthly income equals $3,208/mo, and annual cash flow comes to $10,859/yr on $112,379 invested. Return on cash invested is 29.57% in year one, and rental yield stands at 11.36% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 155.44% and total cumulative return in cash reaches $174,676. For financing, Ziffy Mortgage’s DSCR program evaluates $3,208/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06460, Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,754 (100%) |
| Owner Occupied HU | 11,878 (66.9%) |
| Renter Occupied HU | 4,817 (27.1%) |
| Vacant Housing Units | 1,059 ( 6.0%) |
| Median Home Value | $442,741 |
| Average Home Value | $513,461 |
Housing Distribution
Address Breakdown
Residential
17,615
Single Family
16,625
Multi-Family
990
Businesses
2,440
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Listed by: Leslie Terres • West Shore Realty
Mls Name: Smart MLS
Mls ID: #24094133