440 Candlewood Lake Road NorthNew 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 440 Candlewood Lake Road North, New Milford, CT, 06776 offers $4,422/mo rent that, after a $2,716/mo payment, leaves $652/mo cash flow. Total monthly income is $4,422/mo, and annual cash flow is $7,818/yr on $182,595 cash. Return on cash invested measures 24.34% in year one, and rental yield stands at 9.56% at a $555,000 entry. Equity gained on principal adds $3,581/yr while 5% annual appreciation compounds into $153,336 by year five. Five-year ROI records 127.39% and total cumulative return in cash reaches $232,604. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,422/mo property income versus a $2,716/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.41 Acres 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 Peet • Redfin Corporation
Mls Name: Smart MLS
Mls ID: #24109036