29 Sound Beach AveOld GreenwichCT06870
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.31% gross rental yield, 29 Sound Beach Ave, Old Greenwich, CT, 06870 in Old Greenwich is priced for capital growth, not immediate cash flow. The $1,989,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $549,524 by year five, with $18,319/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.98) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $456,096.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 4.5% |
| Monthly Cash Flow | $(4,713) | $1 |
City averages based on Old Greenwich market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,801 |
| Total Monthly Debt Service | $12,723 |
| DSCR Ratio | 0.69x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Evelyn Wilson • BHHS New England Properties
Mls Name: Greenwich MLS, Inc.
Mls ID: #124233