118 Grove St APT 2StamfordCT06901
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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
Investment property for sale in Stamford at 118 Grove St APT 2, Stamford, CT, 06901 earns $333/mo cash flow from $3,846/mo rent with a $2,325/mo payment. Total monthly income totals $3,846/mo, and annual cash flow totals $3,990/yr on $157,463 capital. ROI tracks 22.44% on current figures, and rental yield reads 9.72% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 118.02% and total cumulative return in cash sums $185,839. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,846/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$286 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06901, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,535 (100%) |
| Owner Occupied HU | 570 ( 6.7%) |
| Renter Occupied HU | 6,480 (75.9%) |
| Vacant Housing Units | 1,485 (17.4%) |
| Median Home Value | $480,370 |
| Average Home Value | $616,190 |
Housing Distribution
Address Breakdown
Residential
6,751
Single Family
629
Multi-Family
6,122
Businesses
990
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Listed by: Auslander Kasindorf Team at Keller Williams Realty • Keller Williams Prestige Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087353
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.