453 E Putnam Ave APT 4HCos CobCT06807
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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 Cos Cob at 453 E Putnam Ave APT 4H, Cos Cob, CT, 06807 generates $6,162/mo in rent and, after a $4,158/mo payment, leaves $390/mo in cash flow. Total monthly income is $6,162/mo, and annual cash flow is $4,679/yr on $279,486 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 8.7% on a $849,500 entry. Equity gained on principal adds $5,482/yr, while 5% annual appreciation builds toward $234,701 over five years. Five-year ROI reaches 113.39% and total cumulative return in cash sums $316,917. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,162/mo property income rather than buyer’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06807, Cos Cob, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,891 (100%) |
| Owner Occupied HU | 2,032 (70.3%) |
| Renter Occupied HU | 709 (24.5%) |
| Vacant Housing Units | 150 ( 5.2%) |
| Median Home Value | $1,357,004 |
| Average Home Value | $1,453,123 |
Housing Distribution
Address Breakdown
Residential
2,859
Single Family
2,810
Multi-Family
49
Businesses
349
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Listed by: Spencer Sodokoff • Houlihan Lawrence
Mls Name: Greenwich MLS, Inc.
Mls ID: #124142