3 Water Street #305MysticCT06355
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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 Mystic at 3 Water Street #305, Mystic, CT, 06355 earns from $2,820/mo rent with a $3,793/mo payment. Total monthly income totals $2,820/mo. ROI tracks 8.55% on current figures, and rental yield reads 4.37% at a $775,000 purchase. Equity gained on principal adds $5,001/yr, and 5% annual appreciation supports $214,118 over five years. Five-year ROI reaches 42.71% and total cumulative return in cash sums $108,895. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,820/mo property income instead of your personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jonathan Shockley • Switz Real Estate Associates
Mls Name: Smart MLS
Mls ID: #24141806