390 Flanders RdStoningtonCT06378
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
Investment Highlights
Investment property for sale in Stonington at 390 Flanders Rd, Stonington, CT, 06378 uses $180,621 cash to close to unlock $8,519/yr annual cash flow and $710/mo monthly cash flow. Total monthly income runs $4,440/mo, and a $2,687/mo payment keeps the spread at $710/mo. Purchase price stands at $549,000, and rental yield measures 9.7% with $4,440/mo rent. Return on cash invested shows 24.78% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 129.7% and total cumulative return in cash records $234,272. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,440/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Single Family
Built in 1985
1.84 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bambi D. DiRoma • Malek Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24077101
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.