202 Canaan RoadStratfordCT06614
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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 Stratford at 202 Canaan Road, Stratford, CT, 06614 priced at $415,000 converts $2,608/mo rent into after a $2,031/mo obligation. Total monthly income equals $2,608/mo. Return on cash invested prints 18.06% in year one, and rental yield reads 7.54% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 93.76% and total cumulative return in cash sums $128,985. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,608/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 1941
5,227 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: Rosania Melo • Century 21 Scala Group
Mls Name: Smart MLS
Mls ID: #24114073