55 Locust St #BGreenwichCT06830
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 55 Locust St #B, Greenwich, CT, 06830 in Greenwich deserves attention. This $849,000 property earns $7,350/mo in rent, a 10.39% gross yield, and nets $1,581/mo after the $3,818/mo payment. DSCR 1.93 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $234,563 compounds alongside $7,819/yr in yearly equity build, for a total cumulative return of $425,897.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 4.0% |
| Monthly Cash Flow | $1,581 | $2,000 |
City averages based on Greenwich market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,350 |
| Total Monthly Debt Service | $5,431 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06830, Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,946 (100%) |
| Owner Occupied HU | 5,289 (48.3%) |
| Renter Occupied HU | 4,531 (41.4%) |
| Vacant Housing Units | 1,126 (10.3%) |
| Median Home Value | $1,695,934 |
| Average Home Value | $1,552,243 |
Housing Distribution
Address Breakdown
Residential
10,317
Single Family
8,679
Multi-Family
1,638
Businesses
1,499
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
Townhouse
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06830, Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,946 (100%) |
| Owner Occupied HU | 5,289 (48.3%) |
| Renter Occupied HU | 4,531 (41.4%) |
| Vacant Housing Units | 1,126 (10.3%) |
| Median Home Value | $1,695,934 |
| Average Home Value | $1,552,243 |
Housing Distribution
Address Breakdown
Residential
10,317
Single Family
8,679
Multi-Family
1,638
Businesses
1,499
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kaitlin Kelly • Compass Connecticut, LLC
Mls Name: Greenwich MLS, Inc.
Mls ID: #123661