218 Elm StFairfieldCT06824
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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 Fairfield at 218 Elm St, Fairfield, CT, 06824 generates $7,926/mo in rent and, after a $4,890/mo payment, leaves $1,138/mo in cash flow. Total monthly income is $7,926/mo, and annual cash flow is $13,655/yr on $328,671 invested. Return on cash invested sits at 24.21% in year one, and rental yield is 9.52% on a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash sums $416,402. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,926/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Annie Kruger • Brown Harris Stevens
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092162
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.