1465 E Putnam Ave APT 301GreenwichCT06870
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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
Rental property for sale in Greenwich at 1465 E Putnam Ave APT 301, Greenwich, CT, 06870 generates $3,299/mo in rent and, after a $1,933/mo payment, leaves $616/mo in cash flow. Total monthly income is $3,299/mo, and annual cash flow is $7,386/yr on $130,943 invested. Return on cash invested sits at 25.55% in year one, and rental yield is 10.02% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 133.9% and total cumulative return in cash sums $175,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,299/mo property income rather than buyer’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06870, Old Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,720 (100%) |
| Owner Occupied HU | 2,106 (77.4%) |
| Renter Occupied HU | 470 (17.3%) |
| Vacant Housing Units | 144 ( 5.3%) |
| Median Home Value | $1,718,130 |
| Average Home Value | $1,626,334 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,475
Multi-Family
318
Businesses
328
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Listed by: Peter Hoyt • William Raveis Real Estate
Mls Name: Greenwich MLS, Inc.
Mls ID: #123513