112 Newtown TurnpikeWestportCT06880
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
Investment Highlights
Rental property for sale in Westport at 112 Newtown Turnpike, Westport, CT, 06880 priced at $899,000 converts $5,340/mo rent into after a $4,400/mo obligation. Total monthly income equals $5,340/mo. Return on cash invested prints 16.94% in year one, and rental yield reads 7.13% against a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation compiles into $248,377 by year five. Five-year ROI reaches 87.7% and total cumulative return in cash sums $259,402. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,340/mo property income covering a $4,400/mo payment, not borrower’s personal income.
Single Family
Built in 1927
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06880, Westport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,585 (100%) |
| Owner Occupied HU | 8,297 (78.4%) |
| Renter Occupied HU | 1,510 (14.3%) |
| Vacant Housing Units | 778 ( 7.4%) |
| Median Home Value | $1,427,663 |
| Average Home Value | $1,492,461 |
Housing Distribution
Address Breakdown
Residential
10,566
Single Family
10,090
Multi-Family
476
Businesses
1,534
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Penny Pampoukidis • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24111596