20 Lakeside Drive #KLedyardCT06339
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 Ledyard at 20 Lakeside Drive #K, Ledyard, CT, 06339 with 5% annual appreciation on a $225,000 basis while $2,220/mo rent supports operations. Total monthly income totals $2,220/mo and a $1,101/mo payment preserves $692/mo for cash returns. Annual cash flow comes to $8,298/yr on $74,588 deployed, and return on cash invested reaches 31.03% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 11.84%. Five-year ROI measures 163.33% and total cumulative return in cash totals $121,821.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,220/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06339, Ledyard, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,371 (100%) |
| Owner Occupied HU | 2,678 (79.4%) |
| Renter Occupied HU | 537 (15.9%) |
| Vacant Housing Units | 156 ( 4.6%) |
| Median Home Value | $343,014 |
| Average Home Value | $370,114 |
Housing Distribution
Address Breakdown
Residential
3,384
Single Family
3,322
Multi-Family
62
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Toula Balestracci • eXp Realty
Mls Name: Smart MLS
Mls ID: #24149742