24 Cottage PlaceOld 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
Investment property for sale in Old Saybrook at 24 Cottage Place, Old Saybrook, CT, 06475 at $985,000 posts ROI 15.04% with from $5,336/mo rent. Total monthly income equals $5,336/mo. Return on cash invested measures 15.04% and rental yield reads 6.5% at the current $985,000. Equity gained on principal adds $6,356/yr, and 5% annual appreciation supports $272,137 by year five. Five-year ROI prints 77.48% and total cumulative return in cash totals $251,098. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,336/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.61 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: Jennifer Gurnell • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24128344