1248 North AvenueStratfordCT06614
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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 Stratford at 1248 North Avenue, Stratford, CT, 06614 listed at $310,000 pairs $2,869/mo rent with a $1,517/mo payment to leave $763/mo cash flow. Total monthly income runs $2,869/mo, and annual cash flow reaches $9,156/yr on $102,765 cash to close. Return on cash invested measures 28.82% in year one, and rental yield registers 11.11% at a $310,000 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,647 by year five. Five-year ROI tracks 151.39% and total cumulative return in cash totals $155,575. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,869/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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Listed by: Pamela Matto • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24113944