77 Shea Avenue #77MilfordCT06460
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
Investment property for sale in Milford at 77 Shea Avenue #77, Milford, CT, 06460 offers a 11.48% rental yield on a $340,000 purchase with $3,254/mo rent. Total monthly income registers $3,254/mo, and a $1,664/mo payment leaves $439/mo available for distribution. Annual cash flow reaches $5,268/yr on $112,710 to close, and return on cash invested stands at 24.58% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 130.64% and total cumulative return in cash at $147,246. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,254/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A lot
$N/A/sqft
$505 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom Braunagel • Keller Williams Realty Prtnrs.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098566
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.