15 River Rd Unit 222GreenwichCT06807
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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 15 River Rd Unit 222, Greenwich, CT, 06807 generates $5,503/mo in rent, after a $4,625/mo payment. Total monthly income is $5,503/mo. Return on cash invested sits at 16.52% in year one, and rental yield is 6.99% on a $945,000 entry. Equity gained on principal adds $6,098/yr, while 5% annual appreciation builds toward $261,086 over five years. Five-year ROI reaches 85.43% and total cumulative return in cash sums $265,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,503/mo property income rather than buyer’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06807, Cos Cob, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,891 (100%) |
| Owner Occupied HU | 2,032 (70.3%) |
| Renter Occupied HU | 709 (24.5%) |
| Vacant Housing Units | 150 ( 5.2%) |
| Median Home Value | $1,357,004 |
| Average Home Value | $1,453,123 |
Housing Distribution
Address Breakdown
Residential
2,859
Single Family
2,810
Multi-Family
49
Businesses
349
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Listed by: MJ Bates-Hvolbeck • Sotheby's International Realty
Mls Name: Greenwich MLS, Inc.
Mls ID: #124211