106 General StreetStratfordCT06615
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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 Stratford at 106 General Street, Stratford, CT, 06615 priced at $425,000 converts $2,656/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,656/mo. Return on cash invested prints 17.94% in year one, and rental yield reads 7.5% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 93.07% and total cumulative return in cash sums $131,129. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,656/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1957
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06615, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,000 (100%) |
| Owner Occupied HU | 4,831 (60.4%) |
| Renter Occupied HU | 2,653 (33.2%) |
| Vacant Housing Units | 516 ( 6.4%) |
| Median Home Value | $379,267 |
| Average Home Value | $422,550 |
Housing Distribution
Address Breakdown
Residential
7,584
Single Family
6,722
Multi-Family
862
Businesses
1,040
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Listed by: India Headley • Epique Realty LLC
Mls Name: Smart MLS
Mls ID: #24122706