39 Overlook DrNew 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
Rental property for sale in New Milford at 39 Overlook Dr, New Milford, CT, 06776 priced at $725,000 converts $5,593/mo rent into $654/mo cash flow after a $3,549/mo obligation. Total monthly income equals $5,593/mo, and annual cash flow totals $7,848/yr on $238,525 invested. Return on cash invested prints 23.35% in year one, and rental yield reads 9.26% against a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,304 by year five. Five-year ROI reaches 122.08% and total cumulative return in cash sums $291,185. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,593/mo property income covering a $3,549/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.98 Acres lot
$N/A/sqft
$150 annually 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: Elena McGlynn • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087008
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.