28 Golden SpurStoningtonCT06378
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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 Stonington at 28 Golden Spur, Stonington, CT, 06378 offers a 9.52% rental yield on a $118,400 purchase with $939/mo rent. Total monthly income registers $939/mo, and a $580/mo payment leaves $134/mo available for distribution. Annual cash flow reaches $1,608/yr on $39,250 to close, and return on cash invested stands at 24.01% in year one. Equity gained on principal adds $764/yr while 5% annual appreciation supports $32,712 over five years. Portfolio math shows five-year ROI at 125.77% and total cumulative return in cash at $49,365. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $939/mo property income against a $580/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Gregory Broadbent • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls ID: #24138552