993 East Main StreetWaterburyCT06705
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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 Waterbury at 993 East Main Street, Waterbury, CT, 06705 generates $2,442/mo in rent and, after a $1,101/mo payment, leaves $611/mo in cash flow. Total monthly income is $2,442/mo, and annual cash flow is $7,333/yr on $74,588 invested. Return on cash invested sits at 29.74% in year one, and rental yield is 13.02% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 158.16% and total cumulative return in cash sums $117,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,442/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06705, Waterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,255 (100%) |
| Owner Occupied HU | 5,011 (40.9%) |
| Renter Occupied HU | 6,540 (53.4%) |
| Vacant Housing Units | 704 ( 5.7%) |
| Median Home Value | $229,173 |
| Average Home Value | $251,857 |
Housing Distribution
Address Breakdown
Residential
11,275
Single Family
9,810
Multi-Family
1,465
Businesses
786
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Listed by: George Antonopoulos • Motif Luxe IR
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24119715
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.