2 Homestead Ln UNIT 209GreenwichCT06831
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.68 makes 2 Homestead Ln UNIT 209, Greenwich, CT, 06831 in Greenwich one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.07%. The 9.07% yield, 5% annual appreciation ($120,182 over five years), and $4,006/yr in principal reduction project a total cumulative return of $149,875.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 4.0% |
| Monthly Cash Flow | $(295) | $2,000 |
City averages based on Greenwich market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,287 |
| Total Monthly Debt Service | $3,409 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
N/A lot
$N/A/sqft
$626 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2005
N/A lot
$N/A/sqft
$626 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Capalbo • BHHS New England Properties
Mls Name: Greenwich MLS, Inc.
Mls Provider:
Mls ID: #123573
Disclaimer: Listing data courtesy of Greenwich MLS. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.