1661 Barnum AvenueStratfordCT06614
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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 Stratford at 1661 Barnum Avenue, Stratford, CT, 06614 offers a 9.43% rental yield on a $540,000 purchase with $4,244/mo rent. Total monthly income registers $4,244/mo, and a $2,643/mo payment leaves $575/mo available for distribution. Annual cash flow reaches $6,900/yr on $177,660 to close, and return on cash invested stands at 23.94% in year one. Equity gained on principal adds $3,485/yr while 5% annual appreciation supports $149,192 over five years. Portfolio math shows five-year ROI at 125.24% and total cumulative return in cash at $222,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,244/mo property income against a $2,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
4,356 sqft 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: Adam Roy • BHGRE Gaetano Marra Homes
Mls Name: Smart MLS
Mls ID: #24145951