71 Concord DriveWatertownCT06795
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
Investment Highlights
Rental property for sale in Watertown at 71 Concord Drive, Watertown, CT, 06795 offers $2,100/mo rent that, after a $1,938/mo payment. Total monthly income is $2,100/mo. Return on cash invested measures 14.51% in year one, and rental yield stands at 6.37% at a $395,900 entry. Equity gained on principal adds $2,555/yr while 5% annual appreciation compounds into $109,380 by year five. Five-year ROI records 74.7% and total cumulative return in cash reaches $98,041. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $1,938/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06795, Watertown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,643 (100%) |
| Owner Occupied HU | 4,618 (81.8%) |
| Renter Occupied HU | 803 (14.2%) |
| Vacant Housing Units | 222 ( 3.9%) |
| Median Home Value | $350,723 |
| Average Home Value | $417,072 |
Housing Distribution
Address Breakdown
Residential
5,526
Single Family
5,267
Multi-Family
259
Businesses
717
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Cosmos • Regency Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24124372
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.