53 Elys Ferry RoadLymeCT06371
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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 Lyme at 53 Elys Ferry Road, Lyme, CT, 06371 generates $3,000/mo in rent, after a $6,338/mo payment. Total monthly income is $3,000/mo. Return on cash invested sits at 3.79% in year one, and rental yield is 2.78% on a $1,295,000 entry. Equity gained on principal adds $8,356/yr, while 5% annual appreciation builds toward $357,785 over five years. Five-year ROI reaches 17.1% and total cumulative return in cash sums $71,754. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06371, Old Lyme, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,220 (100%) |
| Owner Occupied HU | 3,777 (60.7%) |
| Renter Occupied HU | 593 ( 9.5%) |
| Vacant Housing Units | 1,850 (29.7%) |
| Median Home Value | $574,604 |
| Average Home Value | $675,310 |
Housing Distribution
Address Breakdown
Residential
4,922
Single Family
4,922
Multi-Family
0
Businesses
368
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Listed by: Susan A. Malan • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24125605