49 Merwin Avenue #49MilfordCT06460
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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 Milford at 49 Merwin Avenue #49, Milford, CT, 06460 generates $3,558/mo in rent, after a $3,757/mo payment. Total monthly income is $3,558/mo. Return on cash invested sits at 8.94% in year one, and rental yield is 5.56% on a $767,500 entry. Equity gained on principal adds $4,953/yr, while 5% annual appreciation builds toward $212,046 over five years. Five-year ROI reaches 45.96% and total cumulative return in cash sums $116,044. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,558/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$683 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06460, Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,754 (100%) |
| Owner Occupied HU | 11,878 (66.9%) |
| Renter Occupied HU | 4,817 (27.1%) |
| Vacant Housing Units | 1,059 ( 6.0%) |
| Median Home Value | $442,741 |
| Average Home Value | $513,461 |
Housing Distribution
Address Breakdown
Residential
17,615
Single Family
16,625
Multi-Family
990
Businesses
2,440
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Listed by: Luke S. Porto • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24138324
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.