2993 High Ridge RoadStamfordCT06903
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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 2993 High Ridge Road, Stamford, CT, 06903 earns $293/mo cash flow from $4,166/mo rent with a $2,790/mo payment. Total monthly income totals $4,166/mo, and annual cash flow totals $3,516/yr on $187,530 capital. ROI tracks 21.94% on current figures, and rental yield reads 8.77% at a $570,000 purchase. Equity gained on principal adds $3,678/yr, and 5% annual appreciation supports $157,480 over five years. Five-year ROI reaches 114.47% and total cumulative return in cash sums $214,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,166/mo property income instead of your personal income.
Single Family
Built in 1900
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06903, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,233 (100%) |
| Owner Occupied HU | 4,668 (89.2%) |
| Renter Occupied HU | 363 ( 6.9%) |
| Vacant Housing Units | 202 ( 3.9%) |
| Median Home Value | $865,706 |
| Average Home Value | $958,879 |
Housing Distribution
Address Breakdown
Residential
5,211
Single Family
5,211
Multi-Family
0
Businesses
80
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Listed by: Christine D. Saxe • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24135941