31 Richmondville AvenueWestportCT06880
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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 Westport at 31 Richmondville Avenue, Westport, CT, 06880 uses $229,971 cash to close to unlock $13,199/yr annual cash flow and $1,100/mo monthly cash flow. Total monthly income runs $5,849/mo, and a $3,421/mo payment keeps the spread at $1,100/mo. Purchase price stands at $699,000, and rental yield measures 10.04% with $5,849/mo rent. Return on cash invested shows 25.8% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 135.2% and total cumulative return in cash records $310,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,849/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06880, Westport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,585 (100%) |
| Owner Occupied HU | 8,297 (78.4%) |
| Renter Occupied HU | 1,510 (14.3%) |
| Vacant Housing Units | 778 ( 7.4%) |
| Median Home Value | $1,427,663 |
| Average Home Value | $1,492,461 |
Housing Distribution
Address Breakdown
Residential
10,566
Single Family
10,090
Multi-Family
476
Businesses
1,534
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Listed by: James Millington • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24119226