264 Lyman Road APT 3-11, Wolcott, CT, 06716 | $12/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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264 Lyman Road APT 3-11, Wolcott, CT, 06716 | $12/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wolcott at 264 Lyman Road APT 3-11, Wolcott, CT, 06716 generates $1,507/mo in rent and, after a $1,077/mo payment, leaves $12/mo in cash flow. Total monthly income is $1,507/mo, and annual cash flow is $144/yr on $72,930 invested. Return on cash invested sits at 20.11% in year one, and rental yield is 8.22% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 104.68% and total cumulative return in cash sums $76,343. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.

Condo

Built in 1963

N/A lot

$N/A/sqft

No HOA

More details about the property

Would you like to live on vacation? Every day feels like a getaway in this lakeside first-floor condo, where the pace is slower, the sunsets are richer, and the water is just steps from your door. Start your mornings with coffee on the private patio and end your evenings with golden-hour views over the lake. Inside, the space is thoughtfully updated recently with shaker cabinets, granite countertops, stainless steel appliances, and hardwood floors that bring warmth and style. The bathroom features double sinks and tile flooring, and both bedrooms have newer carpet for added comfort. Brand new windows and a new sliding door let in beautiful natural light and keep the space energy-efficient (and no weird whistling sounds in the winter). With heat, hot water, and beach access included in the HOA, life here is about ease, beauty, and everyday moments that feel like heaven. Being sold as-is-but when your backyard looks like this, the rest is just details. Best and final offer by 7/21/25 at 8:00 p.m. will review on Tuesday

Neighborhood Data

Neighborhood data shown for ZIP Code: 06716, Wolcott, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,411 (100%)
Owner Occupied HU	5,399 (84.2%)
Renter Occupied HU	768 (12.0%)
Vacant Housing Units	244 ( 3.8%)
Median Home Value	$387,037
Average Home Value	$432,363