461 Spring Street APT 3ENaugatuckCT06770
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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 Naugatuck at 461 Spring Street APT 3E, Naugatuck, CT, 06770 uses $66,267 cash to close to unlock $7,106/yr annual cash flow and $592/mo monthly cash flow. Total monthly income runs $1,950/mo, and a $978/mo payment keeps the spread at $592/mo. Purchase price stands at $199,900, and rental yield measures 11.71% with $1,950/mo rent. Return on cash invested shows 30.63% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 161.2% and total cumulative return in cash records $106,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,950/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06770, Naugatuck, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,477 (100%) |
| Owner Occupied HU | 8,547 (63.4%) |
| Renter Occupied HU | 4,143 (30.7%) |
| Vacant Housing Units | 787 ( 5.8%) |
| Median Home Value | $291,402 |
| Average Home Value | $336,189 |
Housing Distribution
Address Breakdown
Residential
12,938
Single Family
12,061
Multi-Family
877
Businesses
810
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Listed by: Kathleen M. Mullins • Real Broker CT, LLC
Mls Name: Smart MLS
Mls ID: #24120707