96 Franklin Street APT BDanburyCT06810
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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 Danbury at 96 Franklin Street APT B, Danbury, CT, 06810 priced at $299,000 converts $2,140/mo rent into $109/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,140/mo, and annual cash flow totals $1,307/yr on $99,119 invested. Return on cash invested prints 21.23% in year one, and rental yield reads 8.59% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 110.7% and total cumulative return in cash sums $109,726. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,140/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Condo
Built in 1991
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: John F. Casey • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24138471