669 East Main StreetWaterburyCT06702
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 669 East Main Street, Waterbury, CT, 06702 in Waterbury. Rental yield 2%. At $899,900 with 2% gross yield, current distributions are modest, but the 5% appreciation rate projects $248,626 in new equity by year five, complemented by $8,288/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.37) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $46,660.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2% | 7.1% |
| Monthly Cash Flow | $(4,614) | $450 |
City averages based on Waterbury market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,500 |
| Total Monthly Debt Service | $5,756 |
| DSCR Ratio | 0.26x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1928
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
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
Multi Family
Built in 1928
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24177190