5 Old Colony RdNorth StoningtonCT06359
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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 North Stonington at 5 Old Colony Rd, North Stonington, CT, 06359 uses $132,600 cash to close to unlock $3,876/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $3,041/mo, and a $1,958/mo payment keeps the spread at $323/mo. Purchase price stands at $400,000, and rental yield measures 9.12% with $3,041/mo rent. Return on cash invested shows 22.83% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 119.31% and total cumulative return in cash records $158,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,041/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06359, North Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,297 (100%) |
| Owner Occupied HU | 1,864 (81.1%) |
| Renter Occupied HU | 221 ( 9.6%) |
| Vacant Housing Units | 212 ( 9.2%) |
| Median Home Value | $413,212 |
| Average Home Value | $451,664 |
Housing Distribution
Address Breakdown
Residential
2,111
Single Family
2,111
Multi-Family
0
Businesses
120
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Listed by: Sean Seigel • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098117
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.