51 Forest Ave APT 82GreenwichCT06870
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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 82, Greenwich, CT, 06870 earns $658/mo cash flow from $5,719/mo rent with a $3,646/mo payment. Total monthly income totals $5,719/mo, and annual cash flow totals $7,890/yr on $245,105 capital. ROI tracks 23.28% on current figures, and rental yield reads 9.21% at a $745,000 purchase. Equity gained on principal adds $4,807/yr, and 5% annual appreciation supports $205,830 over five years. Five-year ROI reaches 121.68% and total cumulative return in cash sums $298,256. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,719/mo property income instead of your personal income.
Condo
Built in 1992
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: Linna Yuen • Coldwell Banker Realty
Mls Name: Greenwich MLS, Inc.
Mls ID: #123846