1242 Hope St APT 2StamfordCT06907
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1242 Hope St APT 2, Stamford, CT, 06907 in Stamford: $3,156/mo in rent, $268/mo in net income, 9.96% gross yield, 1.64 DSCR, all at $428,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $118,249 in appreciation and $3,942/yr in principal paydown projects total cumulative return of $156,852.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 4.5% |
| Monthly Cash Flow | $268 | $1,850 |
City averages based on Stamford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,156 |
| Total Monthly Debt Service | $3,113 |
| DSCR Ratio | 1.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1978
N/A lot
$N/A/sqft
$375 monthly 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
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
Condo
Built in 1978
N/A lot
$N/A/sqft
$375 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bryan Morris Team • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24084907
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.