73 Park Ave #308DanburyCT06810
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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 Danbury at 73 Park Ave #308, Danbury, CT, 06810 uses $71,040 cash to close to unlock $14,998/yr annual cash flow and $1,250/mo monthly cash flow. Total monthly income runs $2,706/mo, and a $1,049/mo payment keeps the spread at $1,250/mo. Purchase price stands at $214,300, and rental yield measures 15.15% with $2,706/mo rent. Return on cash invested shows 41.02% in year one, and 5% annual appreciation builds toward $59,207 over five years. Five-year ROI reaches 216.85% and total cumulative return in cash records $154,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,706/mo property income covering a $1,049/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06810, Danbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,747 (100%) |
| Owner Occupied HU | 8,815 (40.5%) |
| Renter Occupied HU | 11,888 (54.7%) |
| Vacant Housing Units | 1,044 ( 4.8%) |
| Median Home Value | $403,470 |
| Average Home Value | $450,314 |
Housing Distribution
Address Breakdown
Residential
20,768
Single Family
16,476
Multi-Family
4,292
Businesses
2,047
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Listed by: N/A • N/A
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