249 Canaan RoadStratfordCT06614
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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 Stratford at 249 Canaan Road, Stratford, CT, 06614 offers a 13.29% rental yield on a $650,000 purchase with $7,200/mo rent. Total monthly income registers $7,200/mo, and a $3,181/mo payment leaves $2,784/mo available for distribution. Annual cash flow reaches $33,408/yr on $213,850 to close, and return on cash invested stands at 35.68% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 188.19% and total cumulative return in cash at $402,434. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,200/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1939
5,227 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: Thomas Chanaca • Chanaca Real Estate
Mls Name: Smart MLS
Mls ID: #24150795