1489 Long Ridge RoadStamfordCT06903
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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 Stamford at 1489 Long Ridge Road, Stamford, CT, 06903 offers a 11.67% rental yield on a $539,000 purchase with $5,244/mo rent. Total monthly income registers $5,244/mo, and a $2,638/mo payment leaves $1,582/mo available for distribution. Annual cash flow reaches $18,983/yr on $177,331 to close, and return on cash invested stands at 30.76% in year one. Equity gained on principal adds $3,478/yr while 5% annual appreciation supports $148,916 over five years. Portfolio math shows five-year ROI at 161.83% and total cumulative return in cash at $286,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,244/mo property income against a $2,638/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1843
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06903, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,233 (100%) |
| Owner Occupied HU | 4,668 (89.2%) |
| Renter Occupied HU | 363 ( 6.9%) |
| Vacant Housing Units | 202 ( 3.9%) |
| Median Home Value | $865,706 |
| Average Home Value | $958,879 |
Housing Distribution
Address Breakdown
Residential
5,211
Single Family
5,211
Multi-Family
0
Businesses
80
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Listed by: Bryan O'Rourke • Bryan O'Rourke
Mls Name: Smart MLS
Mls ID: #24123969