11 King Arthur Dr #8KEast LymeCT06333
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 11 King Arthur Dr #8K, East Lyme, CT, 06333 in East Lyme is listed at $225,000 and delivers $2,160/mo in rent and $273/mo in net monthly cash flow. The 11.52% yield and 2.13 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $62,163 over five years, and $2,072/yr in principal reduction supplements cash return. Total projected cumulative return: $105,072.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 8.0% |
| Monthly Cash Flow | $273 | $1,200 |
City averages based on East Lyme market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $1,797 |
| DSCR Ratio | 1.20x |
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 1969
N/A lot
$N/A/sqft
$358 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06333, East Lyme, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,208 (100%) |
| Owner Occupied HU | 2,254 (70.3%) |
| Renter Occupied HU | 722 (22.5%) |
| Vacant Housing Units | 232 ( 7.2%) |
| Median Home Value | $489,394 |
| Average Home Value | $506,237 |
Housing Distribution
Address Breakdown
Residential
3,025
Single Family
3,011
Multi-Family
14
Businesses
236
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 1969
N/A lot
$N/A/sqft
$358 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06333, East Lyme, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,208 (100%) |
| Owner Occupied HU | 2,254 (70.3%) |
| Renter Occupied HU | 722 (22.5%) |
| Vacant Housing Units | 232 ( 7.2%) |
| Median Home Value | $489,394 |
| Average Home Value | $506,237 |
Housing Distribution
Address Breakdown
Residential
3,025
Single Family
3,011
Multi-Family
14
Businesses
236
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Banglian Gao • United Realty Plus
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24086778
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.