40 W Elm St APT 6EGreenwichCT06830
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
Rental property for sale in Greenwich at 40 W Elm St APT 6E, Greenwich, CT, 06830 priced at $1,499,000 pairs $4,756/mo rent with after a $7,337/mo payment. Total monthly income equals $4,756/mo. Return on cash invested is 6.96% in year one, and rental yield stands at 3.81% on a $1,499,000 basis. Equity gained on principal adds $9,673/yr, and 5% annual appreciation accumulates to $414,146 by year five. Five-year ROI measures 34.09% and total cumulative return in cash reaches $165,573. For financing, Ziffy Mortgage’s DSCR program evaluates $4,756/mo property income against a $7,337/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06830, Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,946 (100%) |
| Owner Occupied HU | 5,289 (48.3%) |
| Renter Occupied HU | 4,531 (41.4%) |
| Vacant Housing Units | 1,126 (10.3%) |
| Median Home Value | $1,695,934 |
| Average Home Value | $1,552,243 |
Housing Distribution
Address Breakdown
Residential
10,317
Single Family
8,679
Multi-Family
1,638
Businesses
1,499
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kara Cugno • Coldwell Banker Realty
Mls Name: Greenwich MLS, Inc.
Mls ID: #124188