38 Padanaram Avenue #1DanburyCT06811
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
Investment property for sale in Danbury at 38 Padanaram Avenue #1, Danbury, CT, 06811 offers a 11.29% rental yield on a $289,000 purchase with $2,720/mo rent. Total monthly income registers $2,720/mo, and a $1,415/mo payment leaves $756/mo available for distribution. Annual cash flow reaches $9,071/yr on $95,804 to close, and return on cash invested stands at 29.38% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 154.41% and total cumulative return in cash at $147,926. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,720/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06811, Danbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,029 (100%) |
| Owner Occupied HU | 9,032 (75.1%) |
| Renter Occupied HU | 2,497 (20.8%) |
| Vacant Housing Units | 500 ( 4.2%) |
| Median Home Value | $467,861 |
| Average Home Value | $550,827 |
Housing Distribution
Address Breakdown
Residential
11,711
Single Family
11,114
Multi-Family
597
Businesses
620
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick Pinto • Pinto Real Estate Group LLC
Mls Name: Smart MLS
Mls ID: #24141098