6 Hillcrest AvenueWatertownCT06779
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
Investment Highlights
Rental property for sale in Watertown at 6 Hillcrest Avenue, Watertown, CT, 06779 priced at $279,000 converts $2,738/mo rent into $842/mo cash flow after a $1,366/mo obligation. Total monthly income equals $2,738/mo, and annual cash flow totals $10,103/yr on $92,489 invested. Return on cash invested prints 30.83% in year one, and rental yield reads 11.78% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 162.22% and total cumulative return in cash sums $150,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,738/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in 1957
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06779, Oakville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,674 (100%) |
| Owner Occupied HU | 2,556 (69.6%) |
| Renter Occupied HU | 951 (25.9%) |
| Vacant Housing Units | 167 ( 4.5%) |
| Median Home Value | $270,833 |
| Average Home Value | $303,960 |
Housing Distribution
Address Breakdown
Residential
3,358
Single Family
3,358
Multi-Family
0
Businesses
193
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Listed by: Angela Vassar • Better Living Realty, LLC
Mls Name: Smart MLS
Mls ID: #24144884