303 Millville AvenueNaugatuckCT06770
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 Naugatuck at 303 Millville Avenue, Naugatuck, CT, 06770 offers $2,019/mo rent that, after a $1,468/mo payment. Total monthly income is $2,019/mo. Return on cash invested measures 19.68% in year one, and rental yield stands at 8.08% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 102.47% and total cumulative return in cash reaches $101,872. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,019/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06770, Naugatuck, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,477 (100%) |
| Owner Occupied HU | 8,547 (63.4%) |
| Renter Occupied HU | 4,143 (30.7%) |
| Vacant Housing Units | 787 ( 5.8%) |
| Median Home Value | $291,402 |
| Average Home Value | $336,189 |
Housing Distribution
Address Breakdown
Residential
12,938
Single Family
12,061
Multi-Family
877
Businesses
810
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Nearby investment properties with comparable prices
Listed by: Shane Kropo • RE/MAX RISE
Mls Name: Smart MLS
Mls ID: #24148412