150 Old Town DriveStratfordCT06614
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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 Stratford at 150 Old Town Drive, Stratford, CT, 06614 priced at $499,900 converts $3,916/mo rent into $519/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,916/mo, and annual cash flow totals $6,230/yr on $165,717 invested. Return on cash invested prints 23.67% in year one, and rental yield reads 9.4% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 123.82% and total cumulative return in cash sums $205,188. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,916/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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Listed by: Chris Carrena • Carrena Property Mgmt & Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098486
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.