2475 Summer Street APT 2IStamfordCT06905
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 Stamford at 2475 Summer Street APT 2I, Stamford, CT, 06905 listed at $320,000 pairs $2,200/mo rent with a $1,566/mo payment to leave $26/mo cash flow. Total monthly income runs $2,200/mo, and annual cash flow reaches $312/yr on $106,080 cash to close. Return on cash invested measures 20.2% in year one, and rental yield registers 8.25% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 105.21% and total cumulative return in cash totals $111,603. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,200/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1944
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06905, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,048 (100%) |
| Owner Occupied HU | 5,333 (66.3%) |
| Renter Occupied HU | 2,362 (29.3%) |
| Vacant Housing Units | 353 ( 4.4%) |
| Median Home Value | $647,003 |
| Average Home Value | $742,976 |
Housing Distribution
Address Breakdown
Residential
8,885
Single Family
6,174
Multi-Family
2,711
Businesses
1,063
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gail Stone • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24146970