496 Joshuatown RoadLymeCT06371
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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
Investment property for sale in Lyme at 496 Joshuatown Road, Lyme, CT, 06371 with 5% annual appreciation on a $695,000 basis while $3,600/mo rent supports operations. 17% in year one. Equity gained on principal adds $4,485/yr, and five-year appreciation sums $192,016 alongside rental yield of 6.22%. Five-year ROI measures 72.83% and total cumulative return in cash totals $166,530. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,600/mo property income versus a $3,402/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
1.89 Acres 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: Joe Rhodes • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24129988