63 Cherry StreetWaterburyCT06702
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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 Waterbury at 63 Cherry Street, Waterbury, CT, 06702 offers $1,899/mo rent that, after a $4,503/mo payment. Total monthly income is $1,899/mo. Return on cash invested measures 2.81% in year one, and rental yield stands at 2.48% at a $920,000 entry. Equity gained on principal adds $5,937/yr while 5% annual appreciation compounds into $254,179 by year five. Five-year ROI records 11.88% and total cumulative return in cash reaches $35,967. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,899/mo property income versus a $4,503/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1915
8,276 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: Amanda R. Faroni-Sheehan • Oxford Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103278
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.