116 Knapp StreetStamfordCT06907
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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 Stamford at 116 Knapp Street, Stamford, CT, 06907 priced at $820,000 converts $4,474/mo rent into after a $4,013/mo obligation. Total monthly income equals $4,474/mo. Return on cash invested prints 15.18% in year one, and rental yield reads 6.55% against a $820,000 entry. Equity gained on principal adds $5,291/yr, while 5% annual appreciation compiles into $226,551 by year five. Five-year ROI reaches 78.25% and total cumulative return in cash sums $211,091. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,474/mo property income covering a $4,013/mo payment, not borrower’s personal income.
Single Family
Built in 1928
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06907, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,849 (100%) |
| Owner Occupied HU | 2,555 (66.4%) |
| Renter Occupied HU | 1,170 (30.4%) |
| Vacant Housing Units | 124 ( 3.2%) |
| Median Home Value | $596,926 |
| Average Home Value | $629,026 |
Housing Distribution
Address Breakdown
Residential
3,764
Single Family
3,205
Multi-Family
559
Businesses
469
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Listed by: Jeff Wirz • Keller Williams Prestige Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103151
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.