330 Merwin Avenue #1DMilfordCT06460
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 330 Merwin Avenue #1D, Milford, CT, 06460 generates $3,450/mo in rent and, after a $2,080/mo payment, leaves $563/mo in cash flow. Total monthly income is $3,450/mo, and annual cash flow is $6,750/yr on $140,888 invested. Return on cash invested sits at 24.7% in year one, and rental yield is 9.74% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 129.34% and total cumulative return in cash sums $182,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,450/mo property income rather than buyer’s personal income.
Condo
Built in 1973
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennie Robbokos • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24151581