562 Piedmont StreetWaterburyCT06706
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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 Waterbury at 562 Piedmont Street, Waterbury, CT, 06706 priced at $290,000 converts $1,560/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 14.79% in year one, and rental yield reads 6.46% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 76.18% and total cumulative return in cash sums $73,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1947
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06706, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,103 (100%) |
| Owner Occupied HU | 2,588 (42.4%) |
| Renter Occupied HU | 3,030 (49.6%) |
| Vacant Housing Units | 485 ( 7.9%) |
| Median Home Value | $161,751 |
| Average Home Value | $254,256 |
Housing Distribution
Address Breakdown
Residential
5,642
Single Family
5,035
Multi-Family
607
Businesses
398
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Listed by: Nakina Henry • I'Lann Realty, LLC
Mls Name: Smart MLS
Mls ID: #24143882