2 Church StStoningtonCT06378
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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 Stonington at 2 Church St, Stonington, CT, 06378 priced at $1,575,000 pairs $3,960/mo rent with after a $7,709/mo payment. Total monthly income equals $3,960/mo. Return on cash invested is 4.52% in year one, and rental yield stands at 3.02% on a $1,575,000 basis. Equity gained on principal adds $10,163/yr, and 5% annual appreciation accumulates to $435,143 by year five. Five-year ROI measures 21.02% and total cumulative return in cash reaches $107,258. For financing, Ziffy Mortgage’s DSCR program evaluates $3,960/mo property income against a $7,709/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1820
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06378, Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,100 (100%) |
| Owner Occupied HU | 2,023 (65.3%) |
| Renter Occupied HU | 510 (16.5%) |
| Vacant Housing Units | 567 (18.3%) |
| Median Home Value | $644,531 |
| Average Home Value | $705,774 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,657
Multi-Family
61
Businesses
329
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Listed by: Thomas Switz • Switz Real Estate Associates
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24043343
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.