1 Harmony StreetStoningtonCT06378
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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
Investment property for sale in Stonington at 1 Harmony Street, Stonington, CT, 06378 offers a 2.17% rental yield on a $1,495,000 purchase with $2,700/mo rent. 89% in year one. Equity gained on principal adds $9,647/yr while 5% annual appreciation supports $413,041 over five years. Portfolio math shows five-year ROI at 6.96% and total cumulative return in cash at $33,697. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,700/mo property income against a $7,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1820
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06378, Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,100 (100%) |
| Owner Occupied HU | 2,023 (65.3%) |
| Renter Occupied HU | 510 (16.5%) |
| Vacant Housing Units | 567 (18.3%) |
| Median Home Value | $644,531 |
| Average Home Value | $705,774 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,657
Multi-Family
61
Businesses
329
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Listed by: Bridget A. Morrissey • Bridget Morrissey Realty LLC
Mls Name: Smart MLS
Mls ID: #24114650