74 Indian River RdMilfordCT06460
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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
Rental property for sale in Milford at 74 Indian River Rd, Milford, CT, 06460 priced at $545,000 converts $3,396/mo rent into after a $2,668/mo obligation. Total monthly income equals $3,396/mo. Return on cash invested prints 18% in year one, and rental yield reads 7.48% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 93.39% and total cumulative return in cash sums $167,460. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,396/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.48 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: Kathy Anderson • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089205
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.