51 Forest Ave APT 98GreenwichCT06870
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 98, Greenwich, CT, 06870 listed at $1,829,999 pairs $5,764/mo rent with a $8,957/mo payment. Total monthly income runs $5,764/mo. Return on cash invested measures 6.87% in year one, and rental yield registers 3.78% at a $1,829,999 basis. Equity gained on principal adds $11,809/yr, and annual property appreciation at 5% supports $505,595 by year five. Five-year ROI tracks 33.63% and total cumulative return in cash totals $199,426. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,764/mo property income relative to a $8,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1995
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Constance Stuart Jones • Coldwell Banker Realty
Mls Name: Greenwich MLS, Inc.
Mls ID: #122828