16 Ward Lane #16DarienCT06820
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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
Total monthly income runs $5,300/mo, and a $6,338/mo payment. Purchase price stands at $1,295,000, and rental yield measures 4.91% with $5,300/mo rent. Return on cash invested shows 10.36% in year one, and 5% annual appreciation builds toward $357,785 over five years. Five-year ROI reaches 52.37% and total cumulative return in cash records $219,750. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,300/mo property income covering a $6,338/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06820, Darien, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,368 (100%) |
| Owner Occupied HU | 5,873 (79.7%) |
| Renter Occupied HU | 1,115 (15.1%) |
| Vacant Housing Units | 380 ( 5.2%) |
| Median Home Value | $1,698,844 |
| Average Home Value | $1,624,133 |
Housing Distribution
Address Breakdown
Residential
7,307
Single Family
6,607
Multi-Family
700
Businesses
877
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Listed by: Michelle Donzeiser • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24125818