104 Sandy Point Road #104Old SaybrookCT06475
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 104 Sandy Point Road #104, Old Saybrook, CT, 06475 in Old Saybrook is a conservative rental investment at $505,000. Rental yield 7.92%. A 1.47 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $139,522; $4,651/yr in principal paydown supplements. Total projected return: $186,445.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.0% |
| Monthly Cash Flow | $(899) | $3,000 |
City averages based on Old Saybrook market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,332 |
| Total Monthly Debt Service | $3,230 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1978
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1978
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Genovali • Re/Max Valley Shore
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083727