29 Sound Beach AveOld GreenwichCT06870
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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 Old Greenwich at 29 Sound Beach Ave, Old Greenwich, CT, 06870 with 5% annual appreciation on a $1,989,000 basis while $8,801/mo rent supports operations. 59% in year one. Equity gained on principal adds $12,835/yr, and five-year appreciation sums $549,524 alongside rental yield of 5.31%. Five-year ROI measures 58.96% and total cumulative return in cash totals $379,965. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,801/mo property income versus a $9,735/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06870, Old Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,720 (100%) |
| Owner Occupied HU | 2,106 (77.4%) |
| Renter Occupied HU | 470 (17.3%) |
| Vacant Housing Units | 144 ( 5.3%) |
| Median Home Value | $1,718,130 |
| Average Home Value | $1,626,334 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,475
Multi-Family
318
Businesses
328
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Listed by: Evelyn Wilson • BHHS New England Properties
Mls Name: Greenwich MLS, Inc.
Mls ID: #124233