204 Old Kelsey Point RdWestbrookCT06498
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.8% gross rental yield, 204 Old Kelsey Point Rd, Westbrook, CT, 06498 in Westbrook is priced for capital growth, not immediate cash flow. The $1,800,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $497,307 by year five, with $16,578/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.70) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $267,025.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 4.5% |
| Monthly Cash Flow | $(6,530) | $1,200 |
City averages based on Westbrook market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,700 |
| Total Monthly Debt Service | $11,514 |
| DSCR Ratio | 0.50x |
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.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06498, Westbrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,096 (100%) |
| Owner Occupied HU | 2,427 (59.3%) |
| Renter Occupied HU | 681 (16.6%) |
| Vacant Housing Units | 988 (24.1%) |
| Median Home Value | $556,877 |
| Average Home Value | $682,440 |
Housing Distribution
Address Breakdown
Residential
3,570
Single Family
3,538
Multi-Family
32
Businesses
347
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
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06498, Westbrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,096 (100%) |
| Owner Occupied HU | 2,427 (59.3%) |
| Renter Occupied HU | 681 (16.6%) |
| Vacant Housing Units | 988 (24.1%) |
| Median Home Value | $556,877 |
| Average Home Value | $682,440 |
Housing Distribution
Address Breakdown
Residential
3,570
Single Family
3,538
Multi-Family
32
Businesses
347
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Libby Waldron • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24076840
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.