331 Willow Springs #331New MilfordCT06776
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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
Investment property for sale in New Milford at 331 Willow Springs #331, New Milford, CT, 06776 offers a 11.11% rental yield on a $295,000 purchase with $2,730/mo rent. Total monthly income registers $2,730/mo, and a $1,444/mo payment leaves $726/mo available for distribution. Annual cash flow reaches $8,706/yr on $97,793 to close, and return on cash invested stands at 28.81% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 151.4% and total cumulative return in cash at $148,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,730/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
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Listed by: Melissa Karaffa • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24127373