115 Summer StreetStratfordCT06614
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 Stratford at 115 Summer Street, Stratford, CT, 06614 priced at $399,000 pairs $2,780/mo rent with $69/mo cash flow after a $1,953/mo payment. Total monthly income equals $2,780/mo, and annual cash flow comes to $827/yr on $132,269 invested. Return on cash invested is 20.53% in year one, and rental yield stands at 8.36% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 106.97% and total cumulative return in cash reaches $141,494. For financing, Ziffy Mortgage’s DSCR program evaluates $2,780/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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Listed by: Jean Marie Sutton • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24146683