28 Mill Hill Road #28SouthportCT06890
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 28 Mill Hill Road #28, Southport, CT, 06890 in Southport deserves attention. This $639,000 property earns $5,531/mo in rent, a 10.39% gross yield, and nets $677/mo after the $2,873/mo payment. DSCR 1.93 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $176,544 compounds alongside $5,885/yr in yearly equity build, for a total cumulative return of $320,531.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.0% |
| Monthly Cash Flow | $677 | $2,500 |
City averages based on Southport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,531 |
| Total Monthly Debt Service | $4,087 |
| DSCR Ratio | 1.35x |
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.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
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
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jackie Davis • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24153185