1204 Hope Street APT 7StamfordCT06907
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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 1204 Hope Street APT 7, Stamford, CT, 06907 offers a 8.93% rental yield on a $625,000 purchase with $4,649/mo rent. Total monthly income registers $4,649/mo, and a $3,059/mo payment leaves $403/mo available for distribution. Annual cash flow reaches $4,830/yr on $205,625 to close, and return on cash invested stands at 22.41% in year one. Equity gained on principal adds $4,033/yr while 5% annual appreciation supports $172,676 over five years. Portfolio math shows five-year ROI at 117.02% and total cumulative return in cash at $240,625. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,649/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A 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: Donna M. Garr • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24123101