74 Park Lane RoadNew MilfordCT06776
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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 New Milford at 74 Park Lane Road, New Milford, CT, 06776 with 5% annual appreciation on a $350,000 basis while $2,427/mo rent supports operations. Total monthly income totals $2,427/mo and a $1,713/mo payment preserves $49/mo for cash returns. Annual cash flow comes to $588/yr on $116,025 deployed, and return on cash invested reaches 20.42% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 8.32%. Five-year ROI measures 106.34% and total cumulative return in cash totals $123,386.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,427/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
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Listed by: Rich Pomerantz • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24070291