32 Fernwood DriveEast HamptonCT06424
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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 East Hampton at 32 Fernwood Drive, East Hampton, CT, 06424 offers a 9.86% rental yield on a $598,000 purchase with $4,912/mo rent. Total monthly income registers $4,912/mo, and a $2,927/mo payment leaves $849/mo available for distribution. Annual cash flow reaches $10,186/yr on $196,742 to close, and return on cash invested stands at 25.24% in year one. Equity gained on principal adds $3,859/yr while 5% annual appreciation supports $165,216 over five years. Portfolio math shows five-year ROI at 132.18% and total cumulative return in cash at $260,060. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,912/mo property income against a $2,927/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06424, East Hampton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,591 (100%) |
| Owner Occupied HU | 4,342 (77.7%) |
| Renter Occupied HU | 834 (14.9%) |
| Vacant Housing Units | 415 ( 7.4%) |
| Median Home Value | $391,637 |
| Average Home Value | $449,440 |
Housing Distribution
Address Breakdown
Residential
5,345
Single Family
5,213
Multi-Family
132
Businesses
275
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Listed by: Kevin D. Rockoff • Rockoff Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24101787
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.