230 Saugatuck Avenue #U-6WestportCT06880
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
Investment Highlights
Investment property for sale in Westport at 230 Saugatuck Avenue #U-6, Westport, CT, 06880 uses $241,782 cash to close to unlock $9,200/yr annual cash flow and $767/mo monthly cash flow. Total monthly income runs $5,760/mo, and a $3,597/mo payment keeps the spread at $767/mo. Purchase price stands at $734,900, and rental yield measures 9.41% with $5,760/mo rent. Return on cash invested shows 23.87% in year one, and 5% annual appreciation builds toward $203,039 over five years. Five-year ROI reaches 124.83% and total cumulative return in cash records $301,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,760/mo property income covering a $3,597/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Wright • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24120074