20 Elk TerraceStratfordCT06614
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
Investment Highlights
Investment property for sale in Stratford at 20 Elk Terrace, Stratford, CT, 06614 at $445,000 posts ROI 24.22% with $531/mo cash flow from $3,554/mo rent. Total monthly income equals $3,554/mo, and annual cash flow records $6,366/yr on $147,518 to close. Return on cash invested measures 24.22% and rental yield reads 9.58% at the current $445,000. Equity gained on principal adds $2,872/yr, and 5% annual appreciation supports $122,945 by year five. Five-year ROI prints 126.78% and total cumulative return in cash totals $187,016.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,554/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
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: Stephanie Ellison • Ellison Homes Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098098
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.