360 Mill StreetWaterburyCT06706
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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 Waterbury at 360 Mill Street, Waterbury, CT, 06706 uses $74,588 cash to close to unlock $378/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $1,101/mo payment keeps the spread at $32/mo. Purchase price stands at $225,000, and rental yield measures 8.32% with $1,560/mo rent. Return on cash invested shows 20.42% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 106.39% and total cumulative return in cash records $79,353. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06706, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,103 (100%) |
| Owner Occupied HU | 2,588 (42.4%) |
| Renter Occupied HU | 3,030 (49.6%) |
| Vacant Housing Units | 485 ( 7.9%) |
| Median Home Value | $161,751 |
| Average Home Value | $254,256 |
Housing Distribution
Address Breakdown
Residential
5,642
Single Family
5,035
Multi-Family
607
Businesses
398
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Listed by: Viviana Rua • Dave Jones Realty, LLC
Mls Name: Smart MLS
Mls ID: #24145988