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$93,840

NOI

1.95

DSCR

11%

Cap

32%

ROI
NOI
$93,840
DSCR
1.95
Cap
11%
ROI
32%
$850,000
Townhouse Style Multi-Family

30 Howard Street, Waterbury, CT

6 Units . $141,667/unit

$850,000

Connor Wenchell

VC Property Group

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Est. $5,773 /mo

Get Pre-Approved
Description Income Loan Terms

$29,040

NOI

0.6

DSCR

3%

Cap

-8%

ROI
% Proforma : % Proforma
50%
 Parking
Off Street
Property Type Type
Multifamily
 Heating
Electic
Buildings
1
 Hot Water
Electic
Parcel(s)
Sewer
Public
Year Built
1989
 Water
Public
Occupancy Occ.
100%
 Trash
City Pick-up
Sqft
5888 sqft
 Utility Split
Tenant Paid
Lot Size
11761 acres
 Sprinklers
No
Highlights
  • 1.5 Bathrooms
  • Attached Garages/Basements
  • In Unit Washer/Dryer Hookups

All units have the same layout consisting of two bedrooms, one and a half bathrooms, and a porch. Despite the attractive unit mixes, they are rented for only 50% of the current market value . Half of the units have semi-finished basements in place of an attached garage, but all units have laundry hookups on that bottom most level. The proforma rents in place will yield over a 15% return on investment assuming an $850,000 purchase price, 75% loan-to-value, 25 year amortization, and a 6.5% interest rate.

Property Snapshot
50% Proforma
Property Type
Multifamily
Building(s)
1
Sqft
5888 sqft
Parcel(s)
Lot Size
11761 acres
Year Built
1989
Property Description

All units have the same layout consisting of two bedrooms, one and a half bathrooms, and a porch. Despite the attractive unit mixes, they are rented for only 50% of the current market value . Half of the units have semi-finished basements in place of an attached garage, but all units have laundry hookups on that bottom most level. The proforma rents in place will yield over a 15% return on investment assuming an $850,000 purchase price, 75% loan-to-value, 25 year amortization, and a 6.5% interest rate.

Property Features
Utilities & Systems
Heating
Electic
Hot Water
Electic
Water
Public
Sewer
Public
Trash
City Pick-up
Electric
200
Site Amenities
Parking
Off Street
Unit Amenities
N/A
Residential Income
Current vs Proforma
2 Bed, 2 Bath
$900
2 Bed, 2 Bath
$900
2 Bed, 2 Bath
$900
2 Bed, 2 Bath
$900
2 Bed, 2 Bath
$900
2 Bed, 2 Bath
$900
Monthly
$5,400
$10,800
Annual
$64,800
$129,600
Operating Expenses
Annualized
Property Taxes
$15,664
Insurance
$5,400
HOA
$0
Electric
$200
Heating
$0
Water / Sewer
$3,600
Trash
$0
Vacancy
$3,240
Maintenance
$3,078
Management
$3,078
Others
$1,500
Total Expenses
$35,760
$35,760
Loan Terms
Scenario Builder
Sale Price
$850,000
Loan Term
25
Rate
6.5%
LTV
70%
P&I
$4,017
$4,017
Request loan quote from VC Property Group.
Connor Wenchell
Connor Wenchell
VC Property Group

Connor Wenchell


VC Property Group

Email
Call