31 Wascussee Lane #65StamfordCT06902
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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 31 Wascussee Lane #65, Stamford, CT, 06902 uses $197,400 cash to close to unlock $4,476/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $4,450/mo, and a $2,937/mo payment keeps the spread at $373/mo. Purchase price stands at $600,000, and rental yield measures 8.9% with $4,450/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 116.57% and total cumulative return in cash records $230,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,450/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06902, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,265 (100%) |
| Owner Occupied HU | 11,101 (35.5%) |
| Renter Occupied HU | 18,435 (59.0%) |
| Vacant Housing Units | 1,729 ( 5.5%) |
| Median Home Value | $632,932 |
| Average Home Value | $741,180 |
Housing Distribution
Address Breakdown
Residential
27,231
Single Family
16,684
Multi-Family
10,547
Businesses
1,798
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Listed by: Sheryl Morrison • Keller Williams Prestige Prop.
Mls Name: Smart MLS
Mls ID: #24143638