83 Beard Dr #83New 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
Rental property for sale in New Milford at 83 Beard Dr #83, New Milford, CT, 06776 generates $2,053/mo in rent and, after a $1,055/mo payment, leaves $433/mo in cash flow. Total monthly income is $2,053/mo, and annual cash flow is $5,191/yr on $71,438 invested. Return on cash invested sits at 27.17% in year one, and rental yield is 11.43% on a $215,500 entry. Equity gained on principal adds $1,391/yr, while 5% annual appreciation builds toward $59,539 over five years. Five-year ROI reaches 143.57% and total cumulative return in cash sums $102,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,053/mo property income rather than buyer’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$156 monthly 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A