51 Forest Ave APT 125GreenwichCT06870
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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 Greenwich at 51 Forest Ave APT 125, Greenwich, CT, 06870 offers a 4.07% rental yield on a $1,650,000 purchase with $5,596/mo rent. 77% in year one. Equity gained on principal adds $10,647/yr while 5% annual appreciation supports $455,865 over five years. Portfolio math shows five-year ROI at 38.44% and total cumulative return in cash at $205,481. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,596/mo property income against a $8,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06870, Old Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,720 (100%) |
| Owner Occupied HU | 2,106 (77.4%) |
| Renter Occupied HU | 470 (17.3%) |
| Vacant Housing Units | 144 ( 5.3%) |
| Median Home Value | $1,718,130 |
| Average Home Value | $1,626,334 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,475
Multi-Family
318
Businesses
328
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Listed by: Katherine Benson • Houlihan Lawrence
Mls Name: Greenwich MLS, Inc.
Mls ID: #123473