55 Otter Cove DrOld SaybrookCT06475
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 55 Otter Cove Dr, Old Saybrook, CT, 06475 in Old Saybrook worth study. Rental yield 5.35%. The 5.35% gross yield is below cash-flow benchmarks at $1,490,000, but 5% annual appreciation, adding $411,660 over five years, frames this as a capital growth position. Rent of $6,640/mo partially offsets the $6,700/mo payment. Ziffy Mortgage finances appreciation-play properties (0.99 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $341,941.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 6.0% |
| Monthly Cash Flow | $(3,530) | $3,000 |
City averages based on Old Saybrook market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,640 |
| Total Monthly Debt Service | $9,577 |
| DSCR Ratio | 0.69x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1979
2.40 Acres lot
$N/A/sqft
$556 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06475, Old Saybrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,058 (100%) |
| Owner Occupied HU | 3,919 (64.7%) |
| Renter Occupied HU | 884 (14.6%) |
| Vacant Housing Units | 1,255 (20.7%) |
| Median Home Value | $588,618 |
| Average Home Value | $749,501 |
Housing Distribution
Address Breakdown
Residential
4,997
Single Family
4,928
Multi-Family
69
Businesses
864
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
Single Family
Built in 1979
2.40 Acres lot
$N/A/sqft
$556 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06475, Old Saybrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,058 (100%) |
| Owner Occupied HU | 3,919 (64.7%) |
| Renter Occupied HU | 884 (14.6%) |
| Vacant Housing Units | 1,255 (20.7%) |
| Median Home Value | $588,618 |
| Average Home Value | $749,501 |
Housing Distribution
Address Breakdown
Residential
4,997
Single Family
4,928
Multi-Family
69
Businesses
864
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristina Demaria • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24077497
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.