231 Boston Post Road #17East 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
Investment property for sale in East Lyme at 231 Boston Post Road #17, East Lyme, CT, 06333 uses $77,869 cash to close to unlock $6,764/yr annual cash flow and $564/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,150/mo payment keeps the spread at $564/mo. Purchase price stands at $234,900, and rental yield measures 11.03% with $2,160/mo rent. Return on cash invested shows 28.6% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 150.25% and total cumulative return in cash records $116,997. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A 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: Paul Bellenoit • Signature Properties of NewEng
Mls Name: Smart MLS
Mls ID: #24114715