143 Sandy Point Road #143Old SaybrookCT06475
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 Old Saybrook at 143 Sandy Point Road #143, Old Saybrook, CT, 06475 offers a 5.85% rental yield on a $615,000 purchase with $3,000/mo rent. 07% in year one. Equity gained on principal adds $3,969/yr while 5% annual appreciation supports $169,913 over five years. Portfolio math shows five-year ROI at 66.95% and total cumulative return in cash at $135,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06475, Old Saybrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,058 (100%) |
| Owner Occupied HU | 3,919 (64.7%) |
| Renter Occupied HU | 884 (14.6%) |
| Vacant Housing Units | 1,255 (20.7%) |
| Median Home Value | $588,618 |
| Average Home Value | $749,501 |
Housing Distribution
Address Breakdown
Residential
4,997
Single Family
4,928
Multi-Family
69
Businesses
864
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorenda Dimeo • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24109027