104 Sandy Point Rd #104Old SaybrookCT06475
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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
Total monthly income runs $3,000/mo, and a $2,663/mo payment. Purchase price stands at $544,000, and rental yield measures 6.62% with $3,000/mo rent. Return on cash invested shows 10.21% in year one, and 5% annual appreciation builds toward $150,297 over five years. Five-year ROI reaches 53.51% and total cumulative return in cash records $95,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $2,663/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$772 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06475, Old Saybrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,058 (100%) |
| Owner Occupied HU | 3,919 (64.7%) |
| Renter Occupied HU | 884 (14.6%) |
| Vacant Housing Units | 1,255 (20.7%) |
| Median Home Value | $588,618 |
| Average Home Value | $749,501 |
Housing Distribution
Address Breakdown
Residential
4,997
Single Family
4,928
Multi-Family
69
Businesses
864
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Listed by: Lisa Genovali • REMAX Valley Shore
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083727
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