328 Hammock Road NorthWestbrookCT06498
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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
Rental property for sale in Westbrook at 328 Hammock Road North, Westbrook, CT, 06498 priced at $425,000 converts $3,271/mo rent into $384/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,271/mo, and annual cash flow totals $4,602/yr on $140,888 invested. Return on cash invested prints 23.18% in year one, and rental yield reads 9.24% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 121.16% and total cumulative return in cash sums $170,705. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,271/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06498, Westbrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,096 (100%) |
| Owner Occupied HU | 2,427 (59.3%) |
| Renter Occupied HU | 681 (16.6%) |
| Vacant Housing Units | 988 (24.1%) |
| Median Home Value | $556,877 |
| Average Home Value | $682,440 |
Housing Distribution
Address Breakdown
Residential
3,570
Single Family
3,538
Multi-Family
32
Businesses
347
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Listed by: Kayla Chasse • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24144599