164 Bison Lane #AStratfordCT06614
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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 Stratford at 164 Bison Lane #A, Stratford, CT, 06614 priced at $479,999 converts $3,571/mo rent into $310/mo cash flow after a $2,349/mo obligation. Total monthly income equals $3,571/mo, and annual cash flow totals $3,720/yr on $159,120 invested. Return on cash invested prints 22.25% in year one, and rental yield reads 8.93% against a $479,999 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 116.16% and total cumulative return in cash sums $184,828. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,571/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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Listed by: Celina Cuomo • Stacy Blake Realty LLC
Mls Name: Smart MLS
Mls ID: #24139444