23-1 Heritage Lot 1 RoadEast LymeCT06333
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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 East Lyme at 23-1 Heritage Lot 1 Road, East Lyme, CT, 06333 generates $2,160/mo in rent, after a $6,461/mo payment. Total monthly income is $2,160/mo. Return on cash invested sits at 1.26% in year one, and rental yield is 1.96% on a $1,320,000 entry. Equity gained on principal adds $8,518/yr, while 5% annual appreciation builds toward $364,692 over five years. Five-year ROI reaches 3.58% and total cumulative return in cash sums $15,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06333, East Lyme, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,208 (100%) |
| Owner Occupied HU | 2,254 (70.3%) |
| Renter Occupied HU | 722 (22.5%) |
| Vacant Housing Units | 232 ( 7.2%) |
| Median Home Value | $489,394 |
| Average Home Value | $506,237 |
Housing Distribution
Address Breakdown
Residential
3,025
Single Family
3,011
Multi-Family
14
Businesses
236
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Listed by: Justin Bradley • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24150717