585 Park Road #7-2WaterburyCT06708
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 585 Park Road #7-2, Waterbury, CT, 06708 in Waterbury. At $185,000 it earns $1,800/mo in rent and distributes $313/mo to the owner after the $832/mo payment, a consistent 11.68% yield. DSCR 2.16 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $51,112 in value; $1,704/yr in principal paydown compounds ownership stake. Total projected return: $105,605.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 7.1% |
| Monthly Cash Flow | $313 | $450 |
City averages based on Waterbury market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,800 |
| Total Monthly Debt Service | $1,183 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1987
N/A lot
$N/A/sqft
No HOA
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 1987
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24163867