18 Quarry StreetOld SaybrookCT06475
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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 Old Saybrook at 18 Quarry Street, Old Saybrook, CT, 06475 uses $199,045 cash to close to unlock $414/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $4,145/mo, and a $2,961/mo payment keeps the spread at $35/mo. Purchase price stands at $605,000, and rental yield measures 8.22% with $4,145/mo rent. Return on cash invested shows 20.27% in year one, and 5% annual appreciation builds toward $167,150 over five years. Five-year ROI reaches 105.54% and total cumulative return in cash records $210,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,145/mo property income covering a $2,961/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06475, Old Saybrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,058 (100%) |
| Owner Occupied HU | 3,919 (64.7%) |
| Renter Occupied HU | 884 (14.6%) |
| Vacant Housing Units | 1,255 (20.7%) |
| Median Home Value | $588,618 |
| Average Home Value | $749,501 |
Housing Distribution
Address Breakdown
Residential
4,997
Single Family
4,928
Multi-Family
69
Businesses
864
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Listed by: Jennifer Gurnell • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24137642