303 Cossaduck Hill RoadNorth StoningtonCT06359
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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
Rental property for sale in North Stonington at 303 Cossaduck Hill Road, North Stonington, CT, 06359 priced at $765,000 converts $1,860/mo rent into after a $3,744/mo obligation. Total monthly income equals $1,860/mo. Return on cash invested prints 4.15% in year one, and rental yield reads 2.92% against a $765,000 entry. Equity gained on principal adds $4,936/yr, while 5% annual appreciation compiles into $211,355 by year five. Five-year ROI reaches 19.09% and total cumulative return in cash sums $48,035. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $3,744/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06359, North Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,297 (100%) |
| Owner Occupied HU | 1,864 (81.1%) |
| Renter Occupied HU | 221 ( 9.6%) |
| Vacant Housing Units | 212 ( 9.2%) |
| Median Home Value | $413,212 |
| Average Home Value | $451,664 |
Housing Distribution
Address Breakdown
Residential
2,111
Single Family
2,111
Multi-Family
0
Businesses
120
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Listed by: Samantha L. Storey • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092432
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.