16 Houston Terrace APT 1StamfordCT06902
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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 Stamford at 16 Houston Terrace APT 1, Stamford, CT, 06902 priced at $340,000 converts $3,476/mo rent into $816/mo cash flow after a $1,664/mo obligation. Total monthly income equals $3,476/mo, and annual cash flow totals $9,792/yr on $112,710 invested. Return on cash invested prints 28.6% in year one, and rental yield reads 12.27% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 151.57% and total cumulative return in cash sums $170,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,476/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06902, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,265 (100%) |
| Owner Occupied HU | 11,101 (35.5%) |
| Renter Occupied HU | 18,435 (59.0%) |
| Vacant Housing Units | 1,729 ( 5.5%) |
| Median Home Value | $632,932 |
| Average Home Value | $741,180 |
Housing Distribution
Address Breakdown
Residential
27,231
Single Family
16,684
Multi-Family
10,547
Businesses
1,798
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Listed by: Carol Frattaroli • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24129466
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