32 Wyassup RdNorth StoningtonCT06359
INVESTMENT ANALYSIS
Investment Verdict
Solid Income32 Wyassup Rd, North Stonington, CT, 06359 in North Stonington carries a 1.51 coverage ratio, rent of $2,500/mo is 1.51 times the $1,659/mo payment. Rental yield 8%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $369,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $101,948; total projected cumulative return: $140,454.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 8.0% |
| Monthly Cash Flow | $(48) | $250 |
City averages based on North Stonington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,500 |
| Total Monthly Debt Service | $2,360 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1954
0.49 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1954
0.49 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samantha L. Storey • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088640
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.