54 West North Street #412StamfordCT06901
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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 Stamford at 54 West North Street #412, Stamford, CT, 06901 uses $56,355 cash to close to unlock $2,052/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $1,326/mo, and a $832/mo payment keeps the spread at $171/mo. Purchase price stands at $170,000, and rental yield measures 9.36% with $1,326/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 123.14% and total cumulative return in cash records $69,393. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,326/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06901, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,535 (100%) |
| Owner Occupied HU | 570 ( 6.7%) |
| Renter Occupied HU | 6,480 (75.9%) |
| Vacant Housing Units | 1,485 (17.4%) |
| Median Home Value | $480,370 |
| Average Home Value | $616,190 |
Housing Distribution
Address Breakdown
Residential
6,751
Single Family
629
Multi-Family
6,122
Businesses
990
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Listed by: Alexander Walton • RE/MAX Heritage
Mls Name: Smart MLS
Mls ID: #24116756