38 Catoona LaneStamfordCT06902
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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 38 Catoona Lane, Stamford, CT, 06902 offers a 8.19% rental yield on a $740,000 purchase with $5,051/mo rent. Total monthly income registers $5,051/mo, and a $3,622/mo payment leaves $23/mo available for distribution. Annual cash flow reaches $276/yr on $243,460 to close, and return on cash invested stands at 20.17% in year one. Equity gained on principal adds $4,775/yr while 5% annual appreciation supports $204,448 over five years. Portfolio math shows five-year ROI at 105.02% and total cumulative return in cash at $255,682. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,051/mo property income against a $3,622/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1958
6,098 sqft 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: Nancy Manby • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24109921
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.