1 Epsilon AvenueOld LymeCT06371
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Old Lyme at 1 Epsilon Avenue, Old Lyme, CT, 06371 offers $3,229/mo rent that, after a $2,734/mo payment. Total monthly income is $3,229/mo. Return on cash invested measures 16.25% in year one, and rental yield stands at 6.94% at a $558,500 entry. Equity gained on principal adds $3,604/yr while 5% annual appreciation compounds into $154,303 by year five. Five-year ROI records 84.06% and total cumulative return in cash reaches $154,466. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,229/mo property income versus a $2,734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
10,018 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06371, Old Lyme, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,220 (100%) |
| Owner Occupied HU | 3,777 (60.7%) |
| Renter Occupied HU | 593 ( 9.5%) |
| Vacant Housing Units | 1,850 (29.7%) |
| Median Home Value | $574,604 |
| Average Home Value | $675,310 |
Housing Distribution
Address Breakdown
Residential
4,922
Single Family
4,922
Multi-Family
0
Businesses
368
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Listed by: Peter Lucchese • Sound Harbor Realty LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24117905
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.