1525 E Putnam Ave APT 303GreenwichCT06870
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 1525 E Putnam Ave APT 303, Greenwich, CT, 06870 in Greenwich clears it at 1.64, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.86%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $103,606; $3,454/yr in principal equity; total projected return: $124,076.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 4.0% |
| Monthly Cash Flow | $(335) | $2,000 |
City averages based on Greenwich market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,769 |
| Total Monthly Debt Service | $2,955 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1975
N/A lot
$N/A/sqft
$556 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1975
N/A lot
$N/A/sqft
$556 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Suzanne Marek Armstrong • Compass Connecticut, LLC
Mls Name: Greenwich MLS, Inc.
Mls Provider:
Mls ID: #122471
Disclaimer: Listing data courtesy of Greenwich MLS. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.