120 Englewood Ave · Prospect, CT 06712

$105,000

2 bd · 1.0 ba · 672 sqft · Other · 58 Days on market

Built 2024 $156/sqft · 60% above area

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Prospect's affordable living!! Built in 2024 and lived in for only several months this mobile home is practically brand new. Featuring an open floor plan, two bedrooms, laundry with storage cabinets, luxury vinyl tile flooring, plenty of large windows throughout the home to let in lots of natural light, propane heat, great level yard. Paved driveway. Located on a dead end street. Land lease $510 monthly which includes the well and septic maintenance, recycling and trash pickup and road maintenance. Subject to park rules and regulations (application and credit check is required for the land lease, must be owner occupied, if financed 20% down is required). Available immediately!! Guest parking is available next to 112 Englewood Ave.

Key facts

• Large windows
• Open floor plan
• Level yard

Tags

• OPEN FLOOR PLAN
• LAUNDRY WITH STORAGE CABINETS
• LUXURY VINYL TILE FLOORING
• LARGE WINDOWS
• LEVEL YARD
• PAVED DRIVEWAY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $105k.

Deal economics

• At list price, monthly cash flow is $651 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $102k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Regional School District 16 (suburban): math 49% / reading 66% proficiency, ranked #50 of 153 in CT (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 10% free/reduced lunch — higher-income household profile.
• Market conditions: 41 active listings in the ZIP; 502 units permitted in Naugatuck Valley Planning Region in 2024 (171 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y 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 $25k; list at $105k implies a 320% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,850 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.56% ✓
• Cap rate: 13.73%
• Cash-on-cash: 26.57%
• DSCR: 2.18
• GRM: 5.4

CMA / ARV

• ARV (median comp): $65,463
• List price: $105,000
• Delta: 60.40%
• Verdict: OVERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 20.4%
• Equity multiple: 1.83×
• Total profit: $24,411
• Equity at exit: $15,656

10-year hold

• IRR: 28.6%
• Equity multiple: 3.53×
• Total profit: $74,523
• Equity at exit: $9,078

Cash invested: $29,400 (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 06712

• Home prices YoY: -27.1%
• Active inventory: 41
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,634 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$46 /mo · $551/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $651

Break-even live

Break-even rent $811

Max offer price $105,000

Occupancy floor 55%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-18
   days on market $105,000 Active 58 DOM
2. 2026-06-17
   days on market $105,000 Active 57 DOM
3. 2026-06-16
   days on market $105,000 Active 56 DOM
4. 2026-06-15
   status $105,000 Active 55 DOM
5. 2026-06-07
   statusdays on market $105,000 Under Contract 55 DOM
6. 2026-06-03
   days on market $105,000 Active 54 DOM
7. 2026-06-03
   days on market $105,000 Active 53 DOM
8. 2026-06-01
   days on market $105,000 Active 52 DOM
9. 2026-05-31
   days on market $105,000 Active 51 DOM
10. 2026-04-09
    listed $105,000 Active 740-char remark

    Show marketing remark (740 chars)

    Prospect's affordable living!! Built in 2024 and lived in for only several months this mobile home is practically brand new. Featuring an open floor plan, two bedrooms, laundry with storage cabinets, luxury vinyl tile flooring, plenty of large windows throughout the home to let in lots of natural light, propane heat, great level yard. Paved driveway. Located on a dead end street. Land lease $510 monthly which includes the well and septic maintenance, recycling and trash pickup and road maintenance. Subject to park rules and regulations (application and credit check is required for the land lease, must be owner occupied, if financed 20% down is required). Available immediately!! Guest parking is available next to 112 Englewood Ave.

11. 2008-09-15
    soldstatus $25,000 259-char remark

    Show marketing remark (259 chars)

    Prospect's affordable living, two bedroom mobile home offering fully applianced kitchen, freshly painted, new carpets & vinyl flooring, 10x9 shed w/electricity, landscaped lot, oil heat. Move-in-condition. Land lease is $343 monthly. Available immediately

12. 2008-03-12
    listed $29,900 259-char remark

    Show marketing remark (259 chars)

    Prospect's affordable living, two bedroom mobile home offering fully applianced kitchen, freshly painted, new carpets & vinyl flooring, 10x9 shed w/electricity, landscaped lot, oil heat. Move-in-condition. Land lease is $343 monthly. Available immediately

13. 2002-03-20
    soldstatus $22,000
14. 2001-11-02
    listed $22,900

ⓘ 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: $551 · $46/mo
• Projected year-2 tax: $1,399 · $117/mo
• Expected delta: +$848/yr (+$71/mo · 153.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,613
• − Mortgage interest: −$5,882
• − Property taxes: −$551
• − Insurance: −$525
• − Repairs & maintenance: −$1,569
• − Management: −$1,569
• − Depreciation: −$3,055
• Taxable income: $6,462
• Est. tax owed @ 24.0%: −$1,551
• After-tax cash flow: $6,259/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: Regional School District 16
• NCES district ID: 0903538
• Math proficiency: 49% ▼ -12.00%
• Reading proficiency: 66% ▼ -5.00%
• Median HH income: $88,265
• Composite: 52.59/100
• National rank: #1560
• State rank: #50 of 153 in CT

Livability — Prospect

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 9,414

Population outlook (Naugatuck Valley County) Hauer SSP2

• By 2040: 496,846

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 8% Hispanic / Latino 5% Black 4% Asian 2%
• Common ancestry: Russian 7% Romanian 5% Lithuanian 3%
• Foreign-born: 11% · Canada, South Korea
• Languages at home: 86% English-only · Other Indo-European 5% Spanish 4% French/Haitian/Cajun 2%

Political lean MEDSL · Naugatuck Valley

• 2024 margin: Lean R (+7.4) · D 45.6% · R 53.0% · Other 1.4%
• All cycles: 2024: R+7.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.95%
• Current HPI: 185.2665
• Rent YoY: —
• Metro: —
• 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

+358.5% since first listed

5 events — show timeline

• 2026-04-09 Listed $105,000 Smart MLS
• 2008-09-15 Sold (MLS) $25,000 Smart MLS
• 2008-03-12 Listed $29,900 Smart MLS
• 2002-03-20 Sold (MLS) $22,000 Smart MLS
• 2001-11-02 Listed $22,900 Smart MLS

Property tax history

+0.6%/yr

Latest (2020): $551 · +2.2% YoY. Source: county tax records.