38 Lords Hill Rd UNIT 8StoningtonCT06378
Nearby investment properties with comparable rents
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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 38 Lords Hill Rd UNIT 8, Stonington, CT, 06378 generates $3,306/mo in rent, after a $2,747/mo payment. Total monthly income is $3,306/mo. Return on cash invested sits at 16.76% in year one, and rental yield is 7.07% on a $561,200 entry. Equity gained on principal adds $3,621/yr, while 5% annual appreciation builds toward $155,049 over five years. Five-year ROI reaches 86.74% and total cumulative return in cash sums $160,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,306/mo property income rather than buyer’s personal income.
Condo
Built in 1880
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06378, Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,100 (100%) |
| Owner Occupied HU | 2,023 (65.3%) |
| Renter Occupied HU | 510 (16.5%) |
| Vacant Housing Units | 567 (18.3%) |
| Median Home Value | $644,531 |
| Average Home Value | $705,774 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,657
Multi-Family
61
Businesses
329
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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