15 Washington AvenueOld LymeCT06371
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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 Old Lyme at 15 Washington Avenue, Old Lyme, CT, 06371 at $509,900 posts ROI 16.74% with from $3,000/mo rent. Total monthly income equals $3,000/mo. Return on cash invested measures 16.74% and rental yield reads 7.06% at the current $509,900. Equity gained on principal adds $3,290/yr, and 5% annual appreciation supports $140,876 by year five. Five-year ROI prints 86.62% and total cumulative return in cash totals $145,304. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,000/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06371, Old Lyme, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,220 (100%) |
| Owner Occupied HU | 3,777 (60.7%) |
| Renter Occupied HU | 593 ( 9.5%) |
| Vacant Housing Units | 1,850 (29.7%) |
| Median Home Value | $574,604 |
| Average Home Value | $675,310 |
Housing Distribution
Address Breakdown
Residential
4,922
Single Family
4,922
Multi-Family
0
Businesses
368
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Listed by: Amanda R. Boehm • RE/MAX on the Bay
Mls Name: Smart MLS
Mls ID: #24118972