20 Laurel St · Danbury, CT 06810

$549,000

4 bd · 2.0 ba · 1,664 sqft · MultiFamily public records · 1 Days on market

Built 1926 9,147 sqft lot Est $641k · 14% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.0/30.0
• ARV discount +13.9/15.0
• DSCR +4.3/10.0
• Livability +3.8/5.0
• 1% rule +3.4/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Two Family House Conveniently located. Hardwood Floors, Gas Heat, all separate utilities Must See.Call Agent For Easy Showing

Key facts

• In-unit laundry
• Solar panels
• Walk-up attic

Tags

• IN-UNIT LAUNDRY
• WALK-UP ATTIC
• SOLAR PANELS

Property features AI

Finance

• Financial info: Assessed value available

Exterior

• Utilities: Private well water; Public sewer connection; 40-gallon hot water tank; Natural gas
• Home design: Multi-family property (2-family)
• Construction: Frame construction; Concrete foundation; Asphalt shingle roof; Vinyl siding; Built as a two-unit multi-family
• Exterior features: Level lot; Beach rights

Interior

• Bedrooms: 5 bedrooms total
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot water heating fueled by natural gas
• Interior features: Ceiling fans and window air-conditioning units; Full unfinished walk-out basement with storage and hatchway; Attic with walk-up storage
• Laundry & utility: Washer and dryer in each unit; Laundry located in-unit and in the basement

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $549k.

Deal economics

• At list price, monthly cash flow is $73 ($878/yr) — positive. Per door: $37/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $463k (15.7% below list).
• Recommended offer: $463k (15.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.6% in Danbury — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#51 in CT, #3,379 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: amenities F, cost of living F.
• Danbury School District (urban): math 19% / reading 32% proficiency, ranked #131 of 153 in CT (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Mill Ridge Primary School (math 37% / reading 32%, grade F, #340 of 553 statewide, top 63%, 329 students, 35% FRL); Danbury High School (math 19% / reading 41%, grade F, #137 of 194 statewide, top 70%, 3,590 students, 48% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: Rents rising (+3.1%/yr); 197 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,151 units permitted in Western Connecticut Planning Region in 2024 (714 in 5+ unit buildings).
• At $4,626/mo this rent would consume 72% of the median local household income ($77k/yr) (locally 3255% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $290k; list at $549k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $462,600 (15.7% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.57%
• DSCR: 1.03
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $640,640
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17 Bergh St	0.20mi	5/2.0 (+1)	1,663 (-0%)	5mo	$540,000	$325	82
11 Roger Ave	0.40mi	4/2.0	1,664 (0%)	5mo	$640,000	$385	77
35 Merrimac St	0.56mi	4/3.0	1,911 (+15%)	9mo	$550,000	$288	38
16 Crofut St	0.52mi	3/2.0 (-1)	1,436 (-14%)	20mo	$601,000	$419	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.08% rent growth · sell at horizon

5-year hold

• IRR: -15.3%
• Equity multiple: 0.45×
• Total profit: $-83,988
• Equity at exit: $81,858

10-year hold

• IRR: -6.7%
• Equity multiple: 0.57×
• Total profit: $-65,849
• Equity at exit: $47,467

Cash invested: $153,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06810

• Rents YoY: 3.1%
• Active inventory: 197
• Price-to-rent: 19.8×

Monthly cashflow live

• Estimated rent: $4,626 high
• Mortgage (P&I): −$2,879
• Tax from tax record: −$474 /mo · $5,683/yr
• Insurance: −$229
• HOA: −$0
• Vacancy / Maint / Mgmt: −$971
• Net cashflow: $73

Break-even live

Break-even rent $4,533

Max offer price $549,000

Occupancy floor 93%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$4,626
Total (2 units)			$4,626

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $137,250
• Closing costs: $16,470
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
22 Irving Pl Danbury, CT	3.0	1.0	1995	$3,000	$1.50	23d	1	0.40mi
9 Concord St Unit 3 Danbury, CT	3.0	1.0	1160	$2,600	$2.24	43d	1	0.72mi
113 Park Ave Unit 7 Danbury, CT	3.0	1.5	1205	$3,000	$2.49	23d	1	0.84mi
8 Rose St Unit 26-14 Danbury, CT	3.0	1.5	1370	$3,000	$2.19	3d	1	0.90mi
10 Clapboard Ridge Rd Danbury, CT	1.0–3.0	1.0–2.0	1061	$3,308	$3.12	2d	20	0.97mi
6 Barnum Ct #6 Danbury, CT	3.0	2.5	1620	$3,200	$1.98	14d	1	1.11mi
28 Jefferson Ave Danbury, CT	5.0	2.5	2186	$5,900	$2.70	43d	1	1.17mi
68 Grand St Danbury, CT	3.0	1.0	1480	$1,900	$1.28	2d	1	1.29mi

Listing history 7 events

1. 2026-06-18
   statusdays on market $549,000 Active 1 DOM
2. 2026-06-17
   days on market $549,000 Coming Soon 8 DOM
3. 2026-06-16
   days on market $549,000 Coming Soon 7 DOM
4. 2026-06-15
   days on market $549,000 Coming Soon 6 DOM
5. 2026-06-13
   days on market $549,000 Coming Soon 4 DOM
6. 2026-06-10
   remarks 401-char remark
7. 2026-06-10
   listed $549,000 Coming Soon 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $5,683 · $474/mo
• Projected year-2 tax: $8,716 · $726/mo
• Expected delta: +$3,033/yr (+$253/mo · 53.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $55,512
• − Mortgage interest: −$30,753
• − Property taxes: −$5,683
• − Insurance: −$2,745
• − Repairs & maintenance: −$4,441
• − Management: −$4,441
• − Depreciation: −$15,971
• Taxable loss: −$8,521
• Est. tax savings @ 24.0%: +$2,045
• After-tax cash flow: $2,923/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Danbury School District
• NCES district ID: 0901020
• Math proficiency: 19% ▼ -17.00%
• Reading proficiency: 32% ▼ -16.00%
• Median HH income: $65,793
• Composite: 23.93/100
• National rank: #7784
• State rank: #131 of 153 in CT

Livability — Danbury

• Score: 76/100
• State rank: #51
• US rank: #3379

Category grades

Amenities F Commute A+ Cost of living F Crime B Employment A- Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Danbury, CT
• County: Fairfield County · 765,532 people
• City population: 87,061
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 55,833
• Household income: $76,933
• Rent vs Own: 59.5% rent · 40.5% own
• Severe rent burden: 3255.0

Population outlook (Western Connecticut County) Hauer SSP2

• By 2040: 685,031

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: Hispanic / Latino 37% White 35% Two or more races 19% Black 12% Asian 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3% Dominican 6%
• Common ancestry: Estonian 8% Russian 4% Romanian 3%
• Foreign-born: 41% · Canada, Jamaica, Dominican Republic
• Languages at home: 48% English-only · Spanish 32% Other Indo-European 16% Other Asian/Pacific 1%

Political lean MEDSL · Western Connecticut

• 2024 margin: D (+19.1) · D 58.8% · R 39.7% · Other 1.6%
• All cycles: 2024: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -309.71%
• Current HPI: 286.5484
• Rent YoY: ▲ 3.08%
• Metro: Bridgeport-Stamford-Norwalk, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+32.3% since first listed

6 events — show timeline

• 2026-06-09 Coming Soon $549,000 Smart MLS
• 2015-09-17 Sold (Public Records) $290,000 Public Records
• 2015-09-17 Sold (MLS) $290,000 Smart MLS
• 2015-09-07 Listing Removed — Smart MLS
• 2015-07-17 Listed $294,900 Smart MLS
• 2004-09-16 Sold (Public Records) $415,000 Public Records

Property tax history

+4.9%/yr

Latest (2023): $5,683 · +15.3% YoY. Source: county tax records.