609 Long Mountain RdNew 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 609 Long Mountain Rd, New Milford, CT, 06776 priced at $669,000 pairs $6,131/mo rent with $1,586/mo cash flow after a $3,274/mo payment. Total monthly income equals $6,131/mo, and annual cash flow comes to $19,031/yr on $220,101 invested. Return on cash invested is 28.71% in year one, and rental yield stands at 11% on a $669,000 basis. Equity gained on principal adds $4,317/yr, and 5% annual appreciation accumulates to $184,832 by year five. Five-year ROI measures 150.78% and total cumulative return in cash reaches $331,875. For financing, Ziffy Mortgage’s DSCR program evaluates $6,131/mo property income against a $3,274/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
1.93 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: Joe Chemero • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24077053
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.