28 Golden SpurStoningtonCT06378
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 28 Golden Spur, Stonington, CT, 06378 in Stonington is narrow, $135/mo net on $939/mo rent after the $532/mo debt service, but the property operates at break-even-plus, not a loss. At $118,400 with a 9.52% yield, the long-run equity case via 5% appreciation ($32,712 over five years) and $1,090/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.77 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $53,951.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.5% |
| Monthly Cash Flow | $135 | $1,500 |
City averages based on Stonington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $939 |
| Total Monthly Debt Service | $757 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06378, Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,100 (100%) |
| Owner Occupied HU | 2,023 (65.3%) |
| Renter Occupied HU | 510 (16.5%) |
| Vacant Housing Units | 567 (18.3%) |
| Median Home Value | $644,531 |
| Average Home Value | $705,774 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,657
Multi-Family
61
Businesses
329
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
Manufactured
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06378, Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,100 (100%) |
| Owner Occupied HU | 2,023 (65.3%) |
| Renter Occupied HU | 510 (16.5%) |
| Vacant Housing Units | 567 (18.3%) |
| Median Home Value | $644,531 |
| Average Home Value | $705,774 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,657
Multi-Family
61
Businesses
329
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory Broadbent • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls ID: #24138552