48 Meyer PlRiversideCT06878
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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
Total monthly income runs $3,533/mo, and a $9,667/mo payment. Purchase price stands at $1,975,000, and rental yield measures 2.15% with $3,533/mo rent. Return on cash invested shows 1.83% in year one, and 5% annual appreciation builds toward $545,656 over five years. Five-year ROI reaches 6.61% and total cumulative return in cash records $42,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,533/mo property income covering a $9,667/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06878, Riverside, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,914 (100%) |
| Owner Occupied HU | 2,196 (75.4%) |
| Renter Occupied HU | 565 (19.4%) |
| Vacant Housing Units | 153 ( 5.3%) |
| Median Home Value | $1,682,281 |
| Average Home Value | $1,611,898 |
Housing Distribution
Address Breakdown
Residential
2,861
Single Family
2,728
Multi-Family
133
Businesses
270
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Listed by: Denise Rosato • Coldwell Banker Realty
Mls Name: Greenwich MLS, Inc.
Mls ID: #124122