124 Willow Spgs #124 · New Milford, CT 06776

$369,000

3 bd · 1.5 ba · 1,776 sqft · Condo · 43 Days on market

Built 1985 Good condition $468/mo HOA · 11% of rent

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Why this score? — see what drove the C- 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 +19.6/30.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• DSCR +6.2/10.0
• Livability +4.3/5.0
• Condition / age +3.8/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this move-in-ready townhome, fully updated within the past year! Step inside to discover luxurious vinyl flooring throughout the entire space. Upstairs, the living room boasts vaulted ceilings, providing an open and airy ambiance. Access the deck through the sliding door. Stay cozy with the electric fireplace, adding warmth and charm to the room. The kitchen has been beautifully renovated, featuring corian counters and brand new GE stainless steel appliances. Abundant cabinet space and a spacious pantry ensure you have all the storage you need. Adjacent to the kitchen is the attached dining room and breakfast nook, perfect for hosting gatherings of any size. On the main floor, you'll find a versatile office space with double closets, currently utilized as an extra bedroom. Upstairs, a bright loft awaits, illuminated by a skylight and conveniently housing the laundry area. Retreat to the primary bedroom, complete with an ensuite full bath and not one, but TWO closets, one being a walk -in, offering ample room for relaxation and organization. The second bedroom is equally spacious and includes a double closet. This home has been thoughtfully updated with new Anderson windows and a sliding door, ensuring energy efficiency. New flooring, a brand new washer and dryer, new kitchen appliances, and a fresh coat of paint throughout, all that's left for you to do is unpack and unwind. Don't miss this opportunity to enjoy a hassle-free move-in experience!

Key facts

• $468 HOA
• 3 parking spots
• Pool

Property features AI

Finance

• Other: Part of a larger community of 332 units
• HOA & community: Monthly HOA fee; HOA covers clubhouse, grounds maintenance, trash pickup, snow removal, water, property management, pool service, road maintenance, and insurance; Community amenities include clubhouse, playground/tot lot, and pool; Professional off-site property management; Pets allowed with some restrictions

Exterior

• Parking: Paved parking lot; Three parking spaces
• Utilities: Public water connected; Public sewer connected; Electric for heat and hot water; Storm doors and thermopane windows for energy efficiency
• Home design: Condominium in Willow Springs complex; Unit located on the 2nd floor
• Construction: Frame construction; Tan exterior color
• Exterior features: Vinyl siding; Level lot; In-ground swimming pool; Pool on property

Interior

• Kitchen: Oven/Range; Microwave; Refrigerator; Dishwasher
• Bedrooms: Three bedrooms (one or more on upper level)
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Baseboard heat (electric); Ceiling fans; Wall unit cooling
• Interior features: Six total rooms; Ceiling fans; Wall unit cooling; Full basement with storage and concrete floor
• Laundry & utility: In-unit laundry located on the upper level; Washer and Dryer included; Electric hot water

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath condo listed at $369k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $424 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $369k).
• Recommended offer: $358k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 3.6% in New Milford — 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 86/100 on livability (#2 in CT, #371 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, housing A+; Watch: cost of living C-, amenities D-.
• New Milford School District (suburban): math 29% / reading 47% proficiency, ranked #100 of 153 in CT (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: New Milford High School (math 33% / reading 62%, grade D, #91 of 194 statewide, top 47%, 1,247 students, 31% FRL) — zoned schools average 31% FRL vs 15% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 147 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,151 units permitted in Western Connecticut Planning Region in 2024 (714 in 5+ unit buildings).
• At $4,357/mo this rent would consume 50% of the median local household income ($104k/yr) (locally 627% 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 $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($358k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 30y 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 $268k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $357,930 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.18% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.92%
• DSCR: 1.22
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -8.5%
• Equity multiple: 0.69×
• Total profit: $-32,440
• Equity at exit: $55,019

10-year hold

• IRR: 1.1%
• Equity multiple: 1.08×
• Total profit: $7,954
• Equity at exit: $31,904

Cash invested: $103,320 (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 06776

• Active inventory: 147
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $4,357 medium
• Mortgage (P&I): −$1,935
• Tax est. 1.5%: −$461 /mo · $5,535/yr
• Insurance: −$154
• HOA: −$468
• Vacancy / Maint / Mgmt: −$915
• Net cashflow: $424

Break-even live

Break-even rent $3,820

Max offer price $369,000

Occupancy floor 85%

Sensitivity live

Price	-10% $679	-5% $551	+0% $424	+5% $296	+10% $169
Rent	-10% $80	-5% $252	+0% $424	+5% $596	+10% $768
Rate	-1.0pp $610	-0.5pp $518	base $424	+0.5pp $328	+1.0pp $231

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: $92,250
• Closing costs: $11,070
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
75 Lake Lillinonah Rd N Bridgewater, CT	2.0	2.0	1344	$7,500	$5.58	44d	1	1.26mi
19 Candlewood Cmn New Milford, CT	4.0	2.5	2052	$4,700	$2.29	44d	1	1.44mi

HOA detail condo

• Monthly dues: $468 · $5,616/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-19
   days on market $369,000 Active 43 DOM
2. 2026-06-18
   days on market $369,000 Active 42 DOM
3. 2026-06-17
   status $369,000 Active 41 DOM
4. 2026-06-07
   statusdays on market $369,000 Under Contract 41 DOM
5. 2026-06-05
   days on market $369,000 Under Contract - Continue to Show 40 DOM
6. 2026-06-03
   days on market $369,000 Under Contract - Continue to Show 39 DOM
7. 2026-06-02
   days on market $369,000 Under Contract - Continue to Show 38 DOM
8. 2026-06-01
   days on market $369,000 Under Contract - Continue to Show 37 DOM
9. 2026-05-31
   days on market $369,000 Under Contract - Continue to Show 36 DOM
10. 2026-05-30
    days on market $369,000 Under Contract - Continue to Show 35 DOM
11. 2026-04-30
    historical Under Contract - Continue to Show
12. 2026-04-26
    listed $369,000 Active
13. 2026-04-21
    historical $369,000
14. 2023-08-31
    historical 1479-char remark

    Show marketing remark (1479 chars)

    Welcome to this move-in-ready townhome, fully updated within the past year! Step inside to discover luxurious vinyl flooring throughout the entire space. Upstairs, the living room boasts vaulted ceilings, providing an open and airy ambiance. Access the deck through the sliding door. Stay cozy with the electric fireplace, adding warmth and charm to the room. The kitchen has been beautifully renovated, featuring corian counters and brand new GE stainless steel appliances. Abundant cabinet space and a spacious pantry ensure you have all the storage you need. Adjacent to the kitchen is the attached dining room and breakfast nook, perfect for hosting gatherings of any size. On the main floor, you'll find a versatile office space with double closets, currently utilized as an extra bedroom. Upstairs, a bright loft awaits, illuminated by a skylight and conveniently housing the laundry area. Retreat to the primary bedroom, complete with an ensuite full bath and not one, but TWO closets, one being a walk -in, offering ample room for relaxation and organization. The second bedroom is equally spacious and includes a double closet. This home has been thoughtfully updated with new Anderson windows and a sliding door, ensuring energy efficiency. New flooring, a brand new washer and dryer, new kitchen appliances, and a fresh coat of paint throughout, all that's left for you to do is unpack and unwind. Don't miss this opportunity to enjoy a hassle-free move-in experience!

15. 2023-08-31
    soldstatus $268,000 Closed 1479-char remark

    Show marketing remark (1479 chars)

    Welcome to this move-in-ready townhome, fully updated within the past year! Step inside to discover luxurious vinyl flooring throughout the entire space. Upstairs, the living room boasts vaulted ceilings, providing an open and airy ambiance. Access the deck through the sliding door. Stay cozy with the electric fireplace, adding warmth and charm to the room. The kitchen has been beautifully renovated, featuring corian counters and brand new GE stainless steel appliances. Abundant cabinet space and a spacious pantry ensure you have all the storage you need. Adjacent to the kitchen is the attached dining room and breakfast nook, perfect for hosting gatherings of any size. On the main floor, you'll find a versatile office space with double closets, currently utilized as an extra bedroom. Upstairs, a bright loft awaits, illuminated by a skylight and conveniently housing the laundry area. Retreat to the primary bedroom, complete with an ensuite full bath and not one, but TWO closets, one being a walk -in, offering ample room for relaxation and organization. The second bedroom is equally spacious and includes a double closet. This home has been thoughtfully updated with new Anderson windows and a sliding door, ensuring energy efficiency. New flooring, a brand new washer and dryer, new kitchen appliances, and a fresh coat of paint throughout, all that's left for you to do is unpack and unwind. Don't miss this opportunity to enjoy a hassle-free move-in experience!

16. 2023-08-12
    status Under Contract 1479-char remark

    Show marketing remark (1479 chars)

    Welcome to this move-in-ready townhome, fully updated within the past year! Step inside to discover luxurious vinyl flooring throughout the entire space. Upstairs, the living room boasts vaulted ceilings, providing an open and airy ambiance. Access the deck through the sliding door. Stay cozy with the electric fireplace, adding warmth and charm to the room. The kitchen has been beautifully renovated, featuring corian counters and brand new GE stainless steel appliances. Abundant cabinet space and a spacious pantry ensure you have all the storage you need. Adjacent to the kitchen is the attached dining room and breakfast nook, perfect for hosting gatherings of any size. On the main floor, you'll find a versatile office space with double closets, currently utilized as an extra bedroom. Upstairs, a bright loft awaits, illuminated by a skylight and conveniently housing the laundry area. Retreat to the primary bedroom, complete with an ensuite full bath and not one, but TWO closets, one being a walk -in, offering ample room for relaxation and organization. The second bedroom is equally spacious and includes a double closet. This home has been thoughtfully updated with new Anderson windows and a sliding door, ensuring energy efficiency. New flooring, a brand new washer and dryer, new kitchen appliances, and a fresh coat of paint throughout, all that's left for you to do is unpack and unwind. Don't miss this opportunity to enjoy a hassle-free move-in experience!

17. 2023-08-12
    listed $295,000 Active 1479-char remark

    Show marketing remark (1479 chars)

    Welcome to this move-in-ready townhome, fully updated within the past year! Step inside to discover luxurious vinyl flooring throughout the entire space. Upstairs, the living room boasts vaulted ceilings, providing an open and airy ambiance. Access the deck through the sliding door. Stay cozy with the electric fireplace, adding warmth and charm to the room. The kitchen has been beautifully renovated, featuring corian counters and brand new GE stainless steel appliances. Abundant cabinet space and a spacious pantry ensure you have all the storage you need. Adjacent to the kitchen is the attached dining room and breakfast nook, perfect for hosting gatherings of any size. On the main floor, you'll find a versatile office space with double closets, currently utilized as an extra bedroom. Upstairs, a bright loft awaits, illuminated by a skylight and conveniently housing the laundry area. Retreat to the primary bedroom, complete with an ensuite full bath and not one, but TWO closets, one being a walk -in, offering ample room for relaxation and organization. The second bedroom is equally spacious and includes a double closet. This home has been thoughtfully updated with new Anderson windows and a sliding door, ensuring energy efficiency. New flooring, a brand new washer and dryer, new kitchen appliances, and a fresh coat of paint throughout, all that's left for you to do is unpack and unwind. Don't miss this opportunity to enjoy a hassle-free move-in experience!

18. 1999-08-01
    soldstatus $93,500 197-char remark

    Show marketing remark (197 chars)

    Wonderful Townhouse In Southern New Milford 2 Bedroom Plus Den All New Appliances - Freshly Cleaned Carpets Call Joan At [phone] Or E Mail [email protected]

19. 1999-04-30
    listed $97,900 197-char remark

    Show marketing remark (197 chars)

    Wonderful Townhouse In Southern New Milford 2 Bedroom Plus Den All New Appliances - Freshly Cleaned Carpets Call Joan At [phone] Or E Mail [email protected]

20. 1997-02-28
    soldstatus $85,000
21. 1996-10-25
    listed $100,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% 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: $52,284
• − Mortgage interest: −$20,670
• − Property taxes: −$5,535
• − Insurance: −$1,845
• − Repairs & maintenance: −$4,183
• − Management: −$4,183
• − HOA: −$5,616
• − Depreciation: −$10,735
• Taxable loss: −$482
• Est. tax savings @ 24.0%: +$116
• After-tax cash flow: $5,203/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 75/100 Cosmetic rehab

This move-in-ready townhome in Willow Springs has been well-maintained and updated, with good condition throughout. Minor updates to the exterior and kitchen could further enhance its value.

Value-add opportunities

• Resale Paint exterior — Enhances curb appeal
• Resale Replace gutters — Improves home's appearance and functionality
• Both Replace Corian countertops — Modernizes kitchen and adds value
• Both Replace stainless steel appliances — Modernizes kitchen and adds value

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior — Enhances curb appeal ↑
• Resale Replace gutters — Improves home's appearance and functionality ↑
• Both Replace Corian countertops — Modernizes kitchen and adds value ↑
• Both Replace stainless steel appliances — Modernizes kitchen and adds value ↑

ⓘ 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: New Milford School District
• NCES district ID: 0902850
• Math proficiency: 29% ▼ -22.00%
• Reading proficiency: 47% ▼ -11.00%
• Median HH income: $81,576
• Composite: 35.78/100
• National rank: #4839
• State rank: #100 of 153 in CT

Livability — New Milford

• Score: 86/100
• State rank: #2
• US rank: #371

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Litchfield County · 81,203 people
• City population: 27,010
• Metro: Torrington, CT
• Population (ZIP): 27,010
• Household income: $104,112
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 627.0

Population outlook (Western Connecticut County) Hauer SSP2

• By 2040: 685,031

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 12% Two or more races 7% Black 4% Asian 4%
• Hispanic origin (detail): Puerto Rican 4% Dominican 2%
• Common ancestry: Romanian 4% Lithuanian 3% Italian 2%
• Foreign-born: 12% · Canada, China
• Languages at home: 86% English-only · Spanish 6% Other Indo-European 3% Chinese 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: ▼ -264.52%
• Current HPI: 305.6036
• Rent YoY: —
• Metro: Torrington, 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

+269.0% since first listed

11 events — show timeline

• 2026-04-30 Contingent — Smart MLS
• 2026-04-26 Listed $369,000 Smart MLS
• 2026-04-21 Coming Soon $369,000 Smart MLS
• 2023-08-31 Listing Removed — Smart MLS
• 2023-08-31 Sold (MLS) $268,000 Smart MLS
• 2023-08-12 Pending — Smart MLS
• 2023-08-12 Listed $295,000 Smart MLS
• 1999-08-01 Sold (MLS) $93,500 Smart MLS
• 1999-04-30 Listed $97,900 Smart MLS
• 1997-02-28 Sold (MLS) $85,000 Smart MLS
• 1996-10-25 Listed $100,000 Smart MLS