59 Gaffney PlaceWaterburyCT06702
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play59 Gaffney Place, Waterbury, CT, 06702 in Waterbury is priced for appreciation, not yield. Rental yield 5.67%. At $350,000 with a 5.67% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $96,699 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.05) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $87,031.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 7.1% |
| Monthly Cash Flow | $(724) | $450 |
City averages based on Waterbury market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,654 |
| Total Monthly Debt Service | $2,239 |
| DSCR Ratio | 0.74x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BROOKE TEAM AT EXP REALTY • eXp Realty
Mls Name: Smart MLS
Mls ID: #24104317