51 Forest Ave APT 31GreenwichCT06870
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 31, Greenwich, CT, 06870 earns from $6,008/mo rent with a $4,258/mo payment. Total monthly income totals $6,008/mo. ROI tracks 16.73% on current figures, and rental yield reads 8.29% at a $870,000 purchase. Equity gained on principal adds $5,614/yr, and 5% annual appreciation supports $240,365 over five years. Five-year ROI reaches 87.91% and total cumulative return in cash sums $251,629. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,008/mo property income instead of your personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$891 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pat Cameron • BHHS New England Properties
Mls Name: Greenwich MLS, Inc.
Mls Provider:
Mls ID: #123199
Disclaimer: Listing data courtesy of Greenwich MLS. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.