13 Algonquin Lane #CStratfordCT06614
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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 13 Algonquin Lane #C, Stratford, CT, 06614 earns $137/mo cash flow from $2,848/mo rent with a $1,953/mo payment. Total monthly income totals $2,848/mo, and annual cash flow totals $1,643/yr on $132,269 capital. ROI tracks 21.15% on current figures, and rental yield reads 8.57% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 110.3% and total cumulative return in cash sums $145,886. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,848/mo property income instead of your personal income.
Condo
Built in 1972
N/A 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: Marta Arroyo • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24150570