104 Ritch Ave W APT 12GreenwichCT06830
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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 Greenwich at 104 Ritch Ave W APT 12, Greenwich, CT, 06830 generates $7,168/mo in rent and, after a $4,870/mo payment, leaves $408/mo in cash flow. Total monthly income is $7,168/mo, and annual cash flow is $4,890/yr on $327,355 invested. Return on cash invested sits at 21.55% in year one, and rental yield is 8.64% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 112.43% and total cumulative return in cash sums $368,046. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,168/mo property income rather than buyer’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06830, Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,946 (100%) |
| Owner Occupied HU | 5,289 (48.3%) |
| Renter Occupied HU | 4,531 (41.4%) |
| Vacant Housing Units | 1,126 (10.3%) |
| Median Home Value | $1,695,934 |
| Average Home Value | $1,552,243 |
Housing Distribution
Address Breakdown
Residential
10,317
Single Family
8,679
Multi-Family
1,638
Businesses
1,499
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Listed by: Deborah Needle • Houlihan Lawrence
Mls Name: Greenwich MLS, Inc.
Mls ID: #124185