6 Thomas LaneNew MilfordCT06776
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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 New Milford at 6 Thomas Lane, New Milford, CT, 06776 priced at $385,000 pairs $2,775/mo rent with $160/mo cash flow after a $1,884/mo payment. Total monthly income equals $2,775/mo, and annual cash flow comes to $1,914/yr on $127,628 invested. Return on cash invested is 21.41% in year one, and rental yield stands at 8.65% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 111.69% and total cumulative return in cash reaches $142,546. For financing, Ziffy Mortgage’s DSCR program evaluates $2,775/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
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Listed by: Kristie L. Perry • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24139554