29 Miranda Lane #29StratfordCT06615
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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 Stratford at 29 Miranda Lane #29, Stratford, CT, 06615 listed at $319,900 pairs $2,191/mo rent with a $1,566/mo payment to leave $17/mo cash flow. Total monthly income runs $2,191/mo, and annual cash flow reaches $206/yr on $106,047 cash to close. Return on cash invested measures 20.1% in year one, and rental yield registers 8.22% at a $319,900 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,382 by year five. Five-year ROI tracks 104.71% and total cumulative return in cash totals $111,044. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,191/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06615, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,000 (100%) |
| Owner Occupied HU | 4,831 (60.4%) |
| Renter Occupied HU | 2,653 (33.2%) |
| Vacant Housing Units | 516 ( 6.4%) |
| Median Home Value | $379,267 |
| Average Home Value | $422,550 |
Housing Distribution
Address Breakdown
Residential
7,584
Single Family
6,722
Multi-Family
862
Businesses
1,040
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Listed by: Marissa Papa • Preston Gray Real Estate
Mls Name: Smart MLS
Mls ID: #24116807