1221 Merritt StreetFairfieldCT06825
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
Investment property for sale in Fairfield at 1221 Merritt Street, Fairfield, CT, 06825 uses $273,070 cash to close to unlock $8,892/yr annual cash flow and $741/mo monthly cash flow. Total monthly income runs $6,380/mo, and a $4,062/mo payment keeps the spread at $741/mo. Purchase price stands at $830,000, and rental yield measures 9.22% with $6,380/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $229,314 over five years. Five-year ROI reaches 121.87% and total cumulative return in cash records $332,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,380/mo property income covering a $4,062/mo payment rather than investor’s personal income.
Single Family
Built in 1996
4,791 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pam Fernberg • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24108389
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.