31 Pilgrim LaneNaugatuckCT06770
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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 Naugatuck at 31 Pilgrim Lane, Naugatuck, CT, 06770 priced at $510,000 converts $4,580/mo rent into $1,115/mo cash flow after a $2,496/mo obligation. Total monthly income equals $4,580/mo, and annual cash flow totals $13,380/yr on $167,790 invested. Return on cash invested prints 28.03% in year one, and rental yield reads 10.78% against a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation compiles into $140,904 by year five. Five-year ROI reaches 147.17% and total cumulative return in cash sums $246,939. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,580/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 1973
1.11 Acres 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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Listed by: Gina Farra • Keller Williams Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24124799
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.