647 New Haven AvenueMilfordCT06460
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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
Investment property for sale in Milford at 647 New Haven Avenue, Milford, CT, 06460 listed at $599,900 pairs $5,328/mo rent with a $2,936/mo payment to leave $1,252/mo cash flow. Total monthly income runs $5,328/mo, and annual cash flow reaches $15,026/yr on $197,367 cash to close. Return on cash invested measures 27.67% in year one, and rental yield registers 10.66% at a $599,900 basis. Equity gained on principal adds $3,871/yr, and annual property appreciation at 5% supports $165,741 by year five. Five-year ROI tracks 145.25% and total cumulative return in cash totals $286,684. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,328/mo property income relative to a $2,936/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06460, Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,754 (100%) |
| Owner Occupied HU | 11,878 (66.9%) |
| Renter Occupied HU | 4,817 (27.1%) |
| Vacant Housing Units | 1,059 ( 6.0%) |
| Median Home Value | $442,741 |
| Average Home Value | $513,461 |
Housing Distribution
Address Breakdown
Residential
17,615
Single Family
16,625
Multi-Family
990
Businesses
2,440
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Listed by: Karen Kline • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24120292