118 Greenwich Hills DrGreenwichCT06831
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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 Greenwich at 118 Greenwich Hills Dr, Greenwich, CT, 06831 generates $7,463/mo in rent and, after a $5,115/mo payment, leaves $363/mo in cash flow. Total monthly income is $7,463/mo, and annual cash flow is $4,350/yr on $338,580 invested. Return on cash invested sits at 21.65% in year one, and rental yield is 8.57% on a $1,045,000 entry. Equity gained on principal adds $6,743/yr, while 5% annual appreciation builds toward $288,714 over five years. Five-year ROI reaches 112.92% and total cumulative return in cash sums $382,328. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,463/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06831, Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,210 (100%) |
| Owner Occupied HU | 4,292 (69.1%) |
| Renter Occupied HU | 1,315 (21.2%) |
| Vacant Housing Units | 603 ( 9.7%) |
| Median Home Value | $1,449,753 |
| Average Home Value | $1,484,512 |
Housing Distribution
Address Breakdown
Residential
5,799
Single Family
5,482
Multi-Family
317
Businesses
531
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Listed by: Julie Grace Burke • Compass Connecticut, LLC
Mls Name: Greenwich MLS, Inc.
Mls ID: #123423