20 Lakeview Drive #20BranfordCT06405
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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
Investment property for sale in Branford at 20 Lakeview Drive #20, Branford, CT, 06405 earns $202/mo cash flow from $3,253/mo rent with a $2,198/mo payment. Total monthly income totals $3,253/mo, and annual cash flow totals $2,423/yr on $148,844 capital. ROI tracks 21.54% on current figures, and rental yield reads 8.69% at a $449,000 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 over five years. Five-year ROI reaches 112.36% and total cumulative return in cash sums $167,248. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,253/mo property income instead of your personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06405, Branford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,472 (100%) |
| Owner Occupied HU | 9,240 (63.8%) |
| Renter Occupied HU | 4,157 (28.7%) |
| Vacant Housing Units | 1,075 ( 7.4%) |
| Median Home Value | $485,013 |
| Average Home Value | $561,238 |
Housing Distribution
Address Breakdown
Residential
13,888
Single Family
12,372
Multi-Family
1,516
Businesses
1,642
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Listed by: Bob Allison • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24143406