28 Rock Spring Road #B1StamfordCT06906
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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 Stamford at 28 Rock Spring Road #B1, Stamford, CT, 06906 uses $229,642 cash to close to unlock $1,450/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $5,213/mo, and a $3,416/mo payment keeps the spread at $121/mo. Purchase price stands at $698,000, and rental yield measures 8.96% with $5,213/mo rent. Return on cash invested shows 20.69% in year one, and 5% annual appreciation builds toward $192,845 over five years. Five-year ROI reaches 108.46% and total cumulative return in cash records $249,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,213/mo property income covering a $3,416/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06906, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,672 (100%) |
| Owner Occupied HU | 2,083 (56.7%) |
| Renter Occupied HU | 1,445 (39.4%) |
| Vacant Housing Units | 144 ( 3.9%) |
| Median Home Value | $592,612 |
| Average Home Value | $607,164 |
Housing Distribution
Address Breakdown
Residential
3,711
Single Family
3,157
Multi-Family
554
Businesses
387
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Listed by: Bryan Morris Team • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24075276
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.