531 Meriden Road #2WaterburyCT06705
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
Investment property for sale in Waterbury at 531 Meriden Road #2, Waterbury, CT, 06705 offers a 10.8% rental yield on a $149,999 purchase with $1,350/mo rent. Total monthly income registers $1,350/mo, and a $734/mo payment leaves $31/mo available for distribution. Annual cash flow reaches $372/yr on $49,725 to close, and return on cash invested stands at 20.66% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 110.25% and total cumulative return in cash at $54,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,350/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$300 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: Jack Boland • Century 21 Scala Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24109052
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.