55 Mill Plain Road #5-3DanburyCT06810
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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 Danbury at 55 Mill Plain Road #5-3, Danbury, CT, 06810 generates $3,149/mo in rent and, after a $1,958/mo payment, leaves $431/mo in cash flow. Total monthly income is $3,149/mo, and annual cash flow is $5,172/yr on $132,600 invested. Return on cash invested sits at 23.81% in year one, and rental yield is 9.45% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 124.54% and total cumulative return in cash sums $165,136. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,149/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06810, Danbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,747 (100%) |
| Owner Occupied HU | 8,815 (40.5%) |
| Renter Occupied HU | 11,888 (54.7%) |
| Vacant Housing Units | 1,044 ( 4.8%) |
| Median Home Value | $403,470 |
| Average Home Value | $450,314 |
Housing Distribution
Address Breakdown
Residential
20,768
Single Family
16,476
Multi-Family
4,292
Businesses
2,047
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Listed by: Susan Salamone • Houlihan Lawrence
Mls Name: Smart MLS
Mls ID: #24108240