48 Mitchell AvenueWaterburyCT06710
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
Rental property for sale in Waterbury at 48 Mitchell Avenue, Waterbury, CT, 06710 priced at $1,700,000 pairs $1,860/mo rent with after a $8,321/mo payment. Total monthly income equals $1,860/mo. Return on cash invested is -0.74% in year one, and rental yield stands at 1.31% on a $1,700,000 basis. Equity gained on principal adds $10,970/yr, and 5% annual appreciation accumulates to $469,679 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $8,321/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06710, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,295 (100%) |
| Owner Occupied HU | 1,122 (26.1%) |
| Renter Occupied HU | 2,572 (59.9%) |
| Vacant Housing Units | 601 (14.0%) |
| Median Home Value | $266,864 |
| Average Home Value | $333,697 |
Housing Distribution
Address Breakdown
Residential
4,044
Single Family
3,217
Multi-Family
827
Businesses
120
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Nearby investment properties with comparable prices
Listed by: Amanda R. Faroni-Sheehan • Oxford Realty
Mls Name: Smart MLS
Mls ID: #24146365