522 Iroquois Lane #BStratfordCT06614
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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 Stratford at 522 Iroquois Lane #B, Stratford, CT, 06614 uses $132,269 cash to close to unlock $11,099/yr annual cash flow and $925/mo monthly cash flow. Total monthly income runs $3,636/mo, and a $1,953/mo payment keeps the spread at $925/mo. Purchase price stands at $399,000, and rental yield measures 10.94% with $3,636/mo rent. Return on cash invested shows 28.3% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 148.62% and total cumulative return in cash records $196,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,636/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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Listed by: Terry Keegan • Fairfield County Real Estate
Mls Name: Smart MLS
Mls ID: #24141511