59 Gaffney PlaceWaterburyCT06702
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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
Investment property for sale in Waterbury at 59 Gaffney Place, Waterbury, CT, 06702 with 5% annual appreciation on a $350,000 basis while $1,654/mo rent supports operations. 42% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 5.67%. Five-year ROI measures 63.47% and total cumulative return in cash totals $73,646. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,654/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1883
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06702, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,326 (100%) |
| Owner Occupied HU | 102 ( 4.4%) |
| Renter Occupied HU | 2,015 (86.6%) |
| Vacant Housing Units | 209 ( 9.0%) |
| Median Home Value | $240,000 |
| Average Home Value | $307,696 |
Housing Distribution
Address Breakdown
Residential
1,916
Single Family
585
Multi-Family
1,331
Businesses
607
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Listed by: BROOKE TEAM AT EXP REALTY • eXp Realty
Mls Name: Smart MLS
Mls ID: #24104317