107 Lockwood Avenue APT 1BStamfordCT06902
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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 Stamford at 107 Lockwood Avenue APT 1B, Stamford, CT, 06902 with 5% annual appreciation on a $325,000 basis while $2,253/mo rent supports operations. Total monthly income totals $2,253/mo and a $1,591/mo payment preserves $45/mo for cash returns. Annual cash flow comes to $534/yr on $107,738 deployed, and return on cash invested reaches 20.4% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 8.32%. Five-year ROI measures 106.3% and total cumulative return in cash totals $114,529.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,253/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06902, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,265 (100%) |
| Owner Occupied HU | 11,101 (35.5%) |
| Renter Occupied HU | 18,435 (59.0%) |
| Vacant Housing Units | 1,729 ( 5.5%) |
| Median Home Value | $632,932 |
| Average Home Value | $741,180 |
Housing Distribution
Address Breakdown
Residential
27,231
Single Family
16,684
Multi-Family
10,547
Businesses
1,798
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Listed by: Gedna Jean-Pierre • Keller Williams Prestige Prop.
Mls Name: Smart MLS
Mls ID: #24115746