23 Briarwood DriveOld SaybrookCT06475
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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 Old Saybrook at 23 Briarwood Drive, Old Saybrook, CT, 06475 priced at $975,000 converts $3,982/mo rent into after a $4,772/mo obligation. Total monthly income equals $3,982/mo. Return on cash invested prints 10.17% in year one, and rental yield reads 4.9% against a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation compiles into $269,375 by year five. Five-year ROI reaches 51.41% and total cumulative return in cash sums $164,907. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,982/mo property income covering a $4,772/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06475, Old Saybrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,058 (100%) |
| Owner Occupied HU | 3,919 (64.7%) |
| Renter Occupied HU | 884 (14.6%) |
| Vacant Housing Units | 1,255 (20.7%) |
| Median Home Value | $588,618 |
| Average Home Value | $749,501 |
Housing Distribution
Address Breakdown
Residential
4,997
Single Family
4,928
Multi-Family
69
Businesses
864
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Listed by: Marc DeLise • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24108886