29 Lancaster PlaceStamfordCT06905
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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 29 Lancaster Place, Stamford, CT, 06905 earns $422/mo cash flow from $6,095/mo rent with a $4,087/mo payment. Total monthly income totals $6,095/mo, and annual cash flow totals $5,058/yr on $274,715 capital. ROI tracks 21.9% on current figures, and rental yield reads 8.76% at a $835,000 purchase. Equity gained on principal adds $5,388/yr, and 5% annual appreciation supports $230,695 over five years. Five-year ROI reaches 114.29% and total cumulative return in cash sums $313,984. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,095/mo property income instead of your personal income.
Single Family
Built in 1967
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06905, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,048 (100%) |
| Owner Occupied HU | 5,333 (66.3%) |
| Renter Occupied HU | 2,362 (29.3%) |
| Vacant Housing Units | 353 ( 4.4%) |
| Median Home Value | $647,003 |
| Average Home Value | $742,976 |
Housing Distribution
Address Breakdown
Residential
8,885
Single Family
6,174
Multi-Family
2,711
Businesses
1,063
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Listed by: Christine F. Oleynick • Keller Williams Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24116834
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.