70 Melba StreetMilfordCT06460
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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 70 Melba Street, Milford, CT, 06460 with 5% annual appreciation on a $1,200,000 basis while $4,957/mo rent supports operations. 51% in year one. Equity gained on principal adds $7,743/yr, and five-year appreciation sums $331,538 alongside rental yield of 4.96%. Five-year ROI measures 53.12% and total cumulative return in cash totals $206,543. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,957/mo property income versus a $5,873/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2019
3,920 sqft 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: Matthew Denorfia • Denorfia Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096205
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.