None · Danbury, CT 06810

$212,500

2 bd · 1.0 ba · 701 sqft · Condo · 32 Days on market

Built 1960 Good condition $405/mo HOA · 18% of rent

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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 +11.8/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• DSCR +3.5/10.0
• Rent growth +3.3/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Why rent when you can own this two story, 2 Bedroom townhouse. Only about a mile from the Danbury Fair Mall and I-84 entrance. Convenient location close to golf courses, parks, schools, and shopping. One assigned parking spot, possible 2nd spot at addition yearly cost (subject to availability). New laminate floors throughout over hardwood, updated bath, new paint and all new six panel interior doors. Heat is INCLUDED in HOA fees along with water, sewer and hot water. Window units can be used for A/C but are not included in sale. End unit with neighbors only on one side and windows on the other that overlook the the grassy yards. Come look at this wonderful opportunity to own. More photos coming soon

Key facts

• Eat-in kitchen
• Assigned parking
• Spacious living room

Tags

• TOWNHOUSE STYLE CONDO
• SPACIOUS LIVING ROOM
• EAT-IN KITCHEN
• ASSIGNED PARKING
• COMMON LAUNDRY FACILITIES
• LOW MAINTENANCE LIVING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $212k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-60 ($-721/yr) — negative.
• To cash-flow at today's rent, offer at most $204k (4.1% below list).
• Meets the 1% rule at list price ($2k rent vs $212k).
• Recommended offer: $204k (4.1% below list) — sets the bar for cash-flow.
• Cap rate 6.0% 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: schools D+, 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.
• Market conditions: Rents rising (+3.1%/yr); 197 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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).
• This rent runs 36% of the median local income ($77k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($206k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $159k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $203,802 (4.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.08% ✓
• Cap rate: 5.95%
• Cash-on-cash: -1.21%
• DSCR: 0.95
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -18.0%
• Equity multiple: 0.36×
• Total profit: $-37,794
• Equity at exit: $31,684

10-year hold

• IRR: -9.7%
• Equity multiple: 0.40×
• Total profit: $-35,928
• Equity at exit: $18,373

Cash invested: $59,500 (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: 7.7×

Monthly cashflow live

• Estimated rent: $2,295 high
• Mortgage (P&I): −$1,114
• Tax est. 1.5%: −$266 /mo · $3,188/yr
• Insurance: −$89
• HOA: −$405
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $-60

Break-even live

Break-even rent $2,372

Max offer price $203,802

Occupancy floor 98%

Sensitivity live

Price	-10% $87	-5% $13	+0% $-60	+5% $-134	+10% $-207
Rent	-10% $-241	-5% $-151	+0% $-60	+5% $31	+10% $121
Rate	-1.0pp $47	-0.5pp $-6	base $-60	+0.5pp $-115	+1.0pp $-171

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: $53,125
• Closing costs: $6,375
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4 Division St Unit 10 Danbury, CT	1.0	1.0	400	$2,100	$5.25	4d	1	0.29mi
7 New St Unit 202 Danbury, CT	2.0	1.0	750	$2,300	$3.07	45d	1	0.55mi
30 Foster St Danbury, CT	1.0	1.0	700	$1,980	$2.83	25d	1	0.61mi
1 Kennedy Ave Danbury, CT	2.0	1.0–2.0	874	$2,720	$3.11	4d	31	0.63mi
333 Main St Danbury, CT	1.0–2.0	1.0–2.0	869	$2,650	$3.05	4d	2	0.78mi
89 Town Hill Ave Unit 3N Danbury, CT	1.0	1.0	550	$1,200	$2.18	25d	1	1.01mi
35 9th Ave Unit 1R Danbury, CT	2.0	1.0	650	$2,100	$3.23	15d	1	1.45mi

HOA detail condo

• Monthly dues: $405 · $4,860/yr
• Likely covers: watersewerparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-18
   days on market $212,500 Active 32 DOM
2. 2026-06-17
   days on market $212,500 Active 31 DOM
3. 2026-06-16
   days on market $212,500 Active 30 DOM
4. 2026-06-15
   days on market $212,500 Active 29 DOM
5. 2026-06-13
   days on market $212,500 Active 27 DOM
6. 2026-06-10
   days on market $212,500 Active 24 DOM
7. 2026-06-09
   days on market $212,500 Active 23 DOM
8. 2026-06-08
   days on market $212,500 Active 22 DOM
9. 2026-06-07
   days on market $212,500 Active 21 DOM
10. 2026-06-05
    days on market $212,500 Active 18 DOM
11. 2026-06-03
    days on market $212,500 Active 17 DOM
12. 2026-06-03
    days on market $212,500 Active 16 DOM
13. 2026-06-01
    days on market $212,500 Active 15 DOM
14. 2026-05-31
    days on market $212,500 Active 14 DOM
15. 2026-05-17
    listed $212,500 Active
16. 2022-03-08
    soldstatus $159,000 Closed 708-char remark

    Show marketing remark (708 chars)

    Why rent when you can own this two story, 2 Bedroom townhouse. Only about a mile from the Danbury Fair Mall and I-84 entrance. Convenient location close to golf courses, parks, schools, and shopping. One assigned parking spot, possible 2nd spot at addition yearly cost (subject to availability). New laminate floors throughout over hardwood, updated bath, new paint and all new six panel interior doors. Heat is INCLUDED in HOA fees along with water, sewer and hot water. Window units can be used for A/C but are not included in sale. End unit with neighbors only on one side and windows on the other that overlook the the grassy yards. Come look at this wonderful opportunity to own. More photos coming soon

17. 2022-02-16
    listed $159,000 Active 708-char remark

    Show marketing remark (708 chars)

    Why rent when you can own this two story, 2 Bedroom townhouse. Only about a mile from the Danbury Fair Mall and I-84 entrance. Convenient location close to golf courses, parks, schools, and shopping. One assigned parking spot, possible 2nd spot at addition yearly cost (subject to availability). New laminate floors throughout over hardwood, updated bath, new paint and all new six panel interior doors. Heat is INCLUDED in HOA fees along with water, sewer and hot water. Window units can be used for A/C but are not included in sale. End unit with neighbors only on one side and windows on the other that overlook the the grassy yards. Come look at this wonderful opportunity to own. More photos coming soon

18. 2022-02-09
    historical $159,000 708-char remark

    Show marketing remark (708 chars)

    Why rent when you can own this two story, 2 Bedroom townhouse. Only about a mile from the Danbury Fair Mall and I-84 entrance. Convenient location close to golf courses, parks, schools, and shopping. One assigned parking spot, possible 2nd spot at addition yearly cost (subject to availability). New laminate floors throughout over hardwood, updated bath, new paint and all new six panel interior doors. Heat is INCLUDED in HOA fees along with water, sewer and hot water. Window units can be used for A/C but are not included in sale. End unit with neighbors only on one side and windows on the other that overlook the the grassy yards. Come look at this wonderful opportunity to own. More photos coming soon

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

Taxation est. · year 1

• Rental income: $27,546
• − Mortgage interest: −$11,903
• − Property taxes: −$3,188
• − Insurance: −$1,062
• − Repairs & maintenance: −$2,204
• − Management: −$2,204
• − HOA: −$4,860
• − Depreciation: −$6,182
• Taxable loss: −$4,057
• Est. tax savings @ 24.0%: +$974
• After-tax cash flow: $252/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This well-maintained, recently renovated townhouse offers a good balance of modern updates and classic charm, making it an attractive option for both buyers and renters.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value
• Both smart home integration — increases appeal and convenience
• Both smart thermostat — improves energy efficiency and comfort

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — enhances curb appeal and adds value ↑
• Both smart home integration — increases appeal and convenience ↑
• Both smart thermostat — improves energy efficiency and comfort ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+33.6% since first listed

4 events — show timeline

• 2026-05-17 Listed $212,500 Smart MLS
• 2022-03-08 Sold (MLS) $159,000 Smart MLS
• 2022-02-16 Listed $159,000 Smart MLS
• 2022-02-09 Coming Soon $159,000 Smart MLS