








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Stonington at 298 Elm St, Stonington, CT, 06378 priced at $900,000 pairs $4,111/mo rent with after a $4,405/mo payment. Total monthly income equals $4,111/mo. Return on cash invested is 11.94% in year one, and rental yield stands at 5.48% on a $900,000 basis. Equity gained on principal adds $5,808/yr, and 5% annual appreciation accumulates to $248,653 by year five. Five-year ROI measures 60.86% and total cumulative return in cash reaches $180,204. For financing, Ziffy Mortgage’s DSCR program evaluates $4,111/mo property income against a $4,405/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
5 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06378, Stonington, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,100 (100%) |
| Owner Occupied HU | 2,023 (65.3%) |
| Renter Occupied HU | 510 (16.5%) |
| Vacant Housing Units | 567 (18.3%) |
| Median Home Value | $644,531 |
| Average Home Value | $705,774 |
Residential
2,718
Single Family
2,657
Multi-Family
61
Businesses
329
Date | Event | Price |
|---|---|---|
| 2021-05-20 | Sold | $656,500 |
| 2021-03-31 | Contingent | $699,900 |
| 2021-03-25 | Listed for sale | $699,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-29 | $8385.00 | 0.13% | $466,500 | N/A |
| 2023-04-29 | $8374.00 | 13.25% | $466,500 | 52.75% |
| 2022-04-29 | $7394.00 | -0.98% | $305,400 | N/A |



What's Special
Crawl Space,Storage,Pull Down Stairs
Listed by: Mr. Z T. Zerbini • IMT Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090674
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.