52 Lovers LaneEast LymeCT06333
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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
Rental property for sale in East Lyme at 52 Lovers Lane, East Lyme, CT, 06333 generates $1,978/mo in rent and, after a $1,370/mo payment, leaves $76/mo in cash flow. Total monthly income is $1,978/mo, and annual cash flow is $914/yr on $92,787 invested. Return on cash invested sits at 20.89% in year one, and rental yield is 8.48% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 108.96% and total cumulative return in cash sums $101,101. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,978/mo property income rather than buyer’s personal income.
Single Family
Built in 1800
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06333, East Lyme, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,208 (100%) |
| Owner Occupied HU | 2,254 (70.3%) |
| Renter Occupied HU | 722 (22.5%) |
| Vacant Housing Units | 232 ( 7.2%) |
| Median Home Value | $489,394 |
| Average Home Value | $506,237 |
Housing Distribution
Address Breakdown
Residential
3,025
Single Family
3,011
Multi-Family
14
Businesses
236
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Listed by: Ann Carpenter • RE/MAX on the Bay
Mls Name: Smart MLS
Mls ID: #24142128