220 Riverside Avenue #1WestportCT06880
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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
Total monthly income runs $5,267/mo, and a $5,849/mo payment. Purchase price stands at $1,195,000, and rental yield measures 5.29% with $5,267/mo rent. Return on cash invested shows 9.69% in year one, and 5% annual appreciation builds toward $330,156 over five years. Five-year ROI reaches 49.43% and total cumulative return in cash records $191,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,267/mo property income covering a $5,849/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$593 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06880, Westport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,585 (100%) |
| Owner Occupied HU | 8,297 (78.4%) |
| Renter Occupied HU | 1,510 (14.3%) |
| Vacant Housing Units | 778 ( 7.4%) |
| Median Home Value | $1,427,663 |
| Average Home Value | $1,492,461 |
Housing Distribution
Address Breakdown
Residential
10,566
Single Family
10,090
Multi-Family
476
Businesses
1,534
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Listed by: James Tomaselli • Higgins Group Bedford Square
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095421
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.