2 Homestead Lane #410GreenwichCT06831
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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 Greenwich at 2 Homestead Lane #410, Greenwich, CT, 06831 priced at $427,000 converts $2,997/mo rent into after a $2,090/mo obligation. Total monthly income equals $2,997/mo. Return on cash invested prints 15.57% in year one, and rental yield reads 8.42% against a $427,000 entry. Equity gained on principal adds $2,755/yr, while 5% annual appreciation compiles into $117,972 by year five. Five-year ROI reaches 82.21% and total cumulative return in cash sums $116,373. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,997/mo property income covering a $2,090/mo payment, not borrower’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$608 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06831, Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,210 (100%) |
| Owner Occupied HU | 4,292 (69.1%) |
| Renter Occupied HU | 1,315 (21.2%) |
| Vacant Housing Units | 603 ( 9.7%) |
| Median Home Value | $1,449,753 |
| Average Home Value | $1,484,512 |
Housing Distribution
Address Breakdown
Residential
5,799
Single Family
5,482
Multi-Family
317
Businesses
531
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Listed by: Charles Nedder • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24094493
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.