103 Main Street #1103StoningtonCT06378
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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 103 Main Street #1103, Stonington, CT, 06378 listed at $750,000 pairs $2,670/mo rent with a $3,671/mo payment. Total monthly income runs $2,670/mo. Return on cash invested measures 8.26% in year one, and rental yield registers 4.27% at a $750,000 basis. Equity gained on principal adds $4,840/yr, and annual property appreciation at 5% supports $207,211 by year five. Five-year ROI tracks 41.14% and total cumulative return in cash totals $101,514. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,670/mo property income relative to a $3,671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
N/A 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: Laura W. Paige • Mott & Chace Sotheby's Intl Rt
Mls Name: Smart MLS
Mls ID: #24125784