24 Canal RoadWestportCT06880
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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 $6,240/mo, and a $9,275/mo payment. Purchase price stands at $1,895,000, and rental yield measures 3.95% with $6,240/mo rent. Return on cash invested shows 7.4% in year one, and 5% annual appreciation builds toward $523,554 over five years. Five-year ROI reaches 36.48% and total cumulative return in cash records $223,985. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,240/mo property income covering a $9,275/mo payment rather than investor’s personal income.
Single Family
Built in 2007
7,840 sqft 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
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Listed by: Angela Benzan • Higgins Group Bedford Square
Mls Name: Smart MLS
Mls ID: #24145456