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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in East Lyme at 28 Alexander Drive, East Lyme, CT, 06333 offers a 7.71% rental yield on a $729,900 purchase with $4,692/mo rent. 54% in year one. Equity gained on principal adds $4,710/yr while 5% annual appreciation supports $201,658 over five years. Portfolio math shows five-year ROI at 96.33% and total cumulative return in cash at $231,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,692/mo property income against a $3,573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.93 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood data shown for ZIP Code: 06333, East Lyme, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,208 (100%) |
| Owner Occupied HU | 2,254 (70.3%) |
| Renter Occupied HU | 722 (22.5%) |
| Vacant Housing Units | 232 ( 7.2%) |
| Median Home Value | $489,394 |
| Average Home Value | $506,237 |
Residential
3,025
Single Family
3,011
Multi-Family
14
Businesses
236
Date | Event | Price |
|---|---|---|
| 2025-10-10 | Listed for sale | $729,900 |
| 2021-04-29 | Sold | $540,000 |
| 2021-03-17 | Contingent | $519,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $9645.00 | 9.37% | $366,030 | 3.26% |
| 2023-10-10 | $8819.00 | 4.35% | $354,480 | N/A |
| 2022-10-10 | $8451.00 | 1.14% | $354,480 | 20.95% |
What's Special
Pull Down Stairs
Listed by: Kristopher J. Tramont • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24129063
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
