246 Delaware DriveStratfordCT06614
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
Rental property for sale in Stratford at 246 Delaware Drive, Stratford, CT, 06614 priced at $489,900 converts $7,200/mo rent into $3,871/mo cash flow after a $2,398/mo obligation. Total monthly income equals $7,200/mo, and annual cash flow totals $46,454/yr on $162,402 invested. Return on cash invested prints 48.51% in year one, and rental yield reads 17.64% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 257.05% and total cumulative return in cash sums $417,449. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,200/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 1952
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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Listed by: Isabel Leonard • BHGRE Gaetano Marra Homes
Mls Name: Smart MLS
Mls ID: #24140810