309 Freeman AvenueStratfordCT06614
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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 Stratford at 309 Freeman Avenue, Stratford, CT, 06614 offers a 8.64% rental yield on a $450,000 purchase with $3,241/mo rent. Total monthly income registers $3,241/mo, and a $2,203/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,196/yr on $149,175 to close, and return on cash invested stands at 21.38% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 111.51% and total cumulative return in cash at $166,350. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,241/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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Listed by: Nina Nyrop • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24124319