253 Mayfield Drive #253TrumbullCT06611
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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 Trumbull at 253 Mayfield Drive #253, Trumbull, CT, 06611 offers a 8.77% rental yield on a $399,900 purchase with $2,921/mo rent. Total monthly income registers $2,921/mo, and a $1,957/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,450/yr on $132,567 to close, and return on cash invested stands at 21.76% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 113.57% and total cumulative return in cash at $150,560. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,921/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06611, Trumbull, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,970 (100%) |
| Owner Occupied HU | 11,418 (81.7%) |
| Renter Occupied HU | 1,959 (14.0%) |
| Vacant Housing Units | 593 ( 4.2%) |
| Median Home Value | $538,369 |
| Average Home Value | $606,678 |
Housing Distribution
Address Breakdown
Residential
13,448
Single Family
13,006
Multi-Family
442
Businesses
1,076
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Listed by: Mona Cascella • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24137312