499 Scott Rd APT 22WaterburyCT06705
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 499 Scott Rd APT 22, Waterbury, CT, 06705 in Waterbury achieves 1.68, rent of $1,075/mo covers the $641/mo payment 1.5x over at $142,500. Rental yield 9.05%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $39,370 over five years, with $1,312/yr in principal reduction bringing total projected return to $41,225.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.1% |
| Monthly Cash Flow | $(228) | $450 |
City averages based on Waterbury market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,075 |
| Total Monthly Debt Service | $1,246 |
| DSCR Ratio | 0.86x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
N/A lot
$N/A/sqft
$268 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06705, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,255 (100%) |
| Owner Occupied HU | 5,011 (40.9%) |
| Renter Occupied HU | 6,540 (53.4%) |
| Vacant Housing Units | 704 ( 5.7%) |
| Median Home Value | $229,173 |
| Average Home Value | $251,857 |
Housing Distribution
Address Breakdown
Residential
11,275
Single Family
9,810
Multi-Family
1,465
Businesses
786
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
Condo
Built in 1986
N/A lot
$N/A/sqft
$268 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06705, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,255 (100%) |
| Owner Occupied HU | 5,011 (40.9%) |
| Renter Occupied HU | 6,540 (53.4%) |
| Vacant Housing Units | 704 ( 5.7%) |
| Median Home Value | $229,173 |
| Average Home Value | $251,857 |
Housing Distribution
Address Breakdown
Residential
11,275
Single Family
9,810
Multi-Family
1,465
Businesses
786
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James K. Dumoi • Amity Realty Group, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24080350
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.