1611 Washington Boulevard APT 27StamfordCT06901
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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 Stamford at 1611 Washington Boulevard APT 27, Stamford, CT, 06901 offers a 9.08% rental yield on a $588,000 purchase with $4,448/mo rent. Total monthly income registers $4,448/mo, and a $2,878/mo payment leaves $453/mo available for distribution. Annual cash flow reaches $5,434/yr on $193,452 to close, and return on cash invested stands at 22.87% in year one. Equity gained on principal adds $3,794/yr while 5% annual appreciation supports $162,454 over five years. Portfolio math shows five-year ROI at 119.48% and total cumulative return in cash at $231,144. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,448/mo property income against a $2,878/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06901, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,535 (100%) |
| Owner Occupied HU | 570 ( 6.7%) |
| Renter Occupied HU | 6,480 (75.9%) |
| Vacant Housing Units | 1,485 (17.4%) |
| Median Home Value | $480,370 |
| Average Home Value | $616,190 |
Housing Distribution
Address Breakdown
Residential
6,751
Single Family
629
Multi-Family
6,122
Businesses
990
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Listed by: Evan Philippopoulos • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24120634