489 Thomaston RoadWatertownCT06795
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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 Watertown at 489 Thomaston Road, Watertown, CT, 06795 priced at $470,000 converts $4,357/mo rent into $1,164/mo cash flow after a $2,300/mo obligation. Total monthly income equals $4,357/mo, and annual cash flow totals $13,968/yr on $155,805 invested. Return on cash invested prints 28.87% in year one, and rental yield reads 11.12% against a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 151.7% and total cumulative return in cash sums $236,349. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,357/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 1984
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06795, Watertown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,643 (100%) |
| Owner Occupied HU | 4,618 (81.8%) |
| Renter Occupied HU | 803 (14.2%) |
| Vacant Housing Units | 222 ( 3.9%) |
| Median Home Value | $350,723 |
| Average Home Value | $417,072 |
Housing Distribution
Address Breakdown
Residential
5,526
Single Family
5,267
Multi-Family
259
Businesses
717
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Listed by: Arthur J. Spector • Regency Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104526
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.