96 Melbourne TerraceWaterburyCT06704
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
Rental property for sale in Waterbury at 96 Melbourne Terrace, Waterbury, CT, 06704 priced at $250,000 pairs $2,603/mo rent with $734/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,603/mo, and annual cash flow comes to $8,805/yr on $82,875 invested. Return on cash invested is 30.53% in year one, and rental yield stands at 12.49% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 161.5% and total cumulative return in cash reaches $133,846. For financing, Ziffy Mortgage’s DSCR program evaluates $2,603/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1926
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06704, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,037 (100%) |
| Owner Occupied HU | 4,066 (36.8%) |
| Renter Occupied HU | 6,049 (54.8%) |
| Vacant Housing Units | 922 ( 8.4%) |
| Median Home Value | $227,571 |
| Average Home Value | $292,325 |
Housing Distribution
Address Breakdown
Residential
10,091
Single Family
9,411
Multi-Family
680
Businesses
585
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Listed by: Heike Severine • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24106916
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.