34 Rossi AveStoningtonCT06379
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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 Stonington at 34 Rossi Ave, Stonington, CT, 06379 priced at $370,000 pairs $3,014/mo rent with $500/mo cash flow after a $1,811/mo payment. Total monthly income equals $3,014/mo, and annual cash flow comes to $6,000/yr on $122,655 invested. Return on cash invested is 24.8% in year one, and rental yield stands at 9.78% on a $370,000 basis. Equity gained on principal adds $2,388/yr, and 5% annual appreciation accumulates to $102,224 by year five. Five-year ROI measures 129.86% and total cumulative return in cash reaches $159,281. For financing, Ziffy Mortgage’s DSCR program evaluates $3,014/mo property income against a $1,811/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06379, Pawcatuck, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,337 (100%) |
| Owner Occupied HU | 2,689 (62.0%) |
| Renter Occupied HU | 1,305 (30.1%) |
| Vacant Housing Units | 343 ( 7.9%) |
| Median Home Value | $423,122 |
| Average Home Value | $493,105 |
Housing Distribution
Address Breakdown
Residential
4,074
Single Family
3,861
Multi-Family
213
Businesses
262
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Listed by: Jason Costa • Larrow's Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24050804
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.