16 Flagler AveOld 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 16 Flagler Ave, Old Lyme, CT, 06371 at $703,700 posts ROI 13.98% with from $3,608/mo rent. Total monthly income equals $3,608/mo. Return on cash invested measures 13.98% and rental yield reads 6.15% at the current $703,700. Equity gained on principal adds $4,541/yr, and 5% annual appreciation supports $194,419 by year five. Five-year ROI prints 71.8% and total cumulative return in cash totals $166,237. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,608/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
9,147 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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Nearby investment properties with comparable prices
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