46 Lyme StreetOld LymeCT06371
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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 Old Lyme at 46 Lyme Street, Old Lyme, CT, 06371 priced at $579,000 pairs $3,986/mo rent with $52/mo cash flow after a $2,834/mo payment. Total monthly income equals $3,986/mo, and annual cash flow comes to $623/yr on $190,491 invested. Return on cash invested is 20.39% in year one, and rental yield stands at 8.26% on a $579,000 basis. Equity gained on principal adds $3,736/yr, and 5% annual appreciation accumulates to $159,967 by year five. Five-year ROI measures 106.17% and total cumulative return in cash reaches $202,243. For financing, Ziffy Mortgage’s DSCR program evaluates $3,986/mo property income against a $2,834/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1917
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06371, Old Lyme, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,220 (100%) |
| Owner Occupied HU | 3,777 (60.7%) |
| Renter Occupied HU | 593 ( 9.5%) |
| Vacant Housing Units | 1,850 (29.7%) |
| Median Home Value | $574,604 |
| Average Home Value | $675,310 |
Housing Distribution
Address Breakdown
Residential
4,922
Single Family
4,922
Multi-Family
0
Businesses
368
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Listed by: Kevin Geysen • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24123501