295 Housatonic DriveMilfordCT06460
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
Investment Highlights
Rental property for sale in Milford at 295 Housatonic Drive, Milford, CT, 06460 priced at $700,000 converts $3,415/mo rent into after a $3,426/mo obligation. Total monthly income equals $3,415/mo. Return on cash invested prints 13.07% in year one, and rental yield reads 5.85% against a $700,000 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,397 by year five. Five-year ROI reaches 66.94% and total cumulative return in cash sums $154,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,415/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 1942
0.33 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jonathan D. Gineo • Silver and Oak Realty
Mls Name: Smart MLS
Mls ID: #24133771