466 Danbury Road APT 4New 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
Investment property for sale in New Milford at 466 Danbury Road APT 4, New Milford, CT, 06776 uses $101,108 cash to close to unlock $2,934/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $2,317/mo, and a $1,493/mo payment keeps the spread at $245/mo. Purchase price stands at $305,000, and rental yield measures 9.12% with $2,317/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 119.22% and total cumulative return in cash records $120,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,317/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Condo
Built in 2016
N/A 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: Todd P. Sargent • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24136030