56 Drake Lane, Fairfield, CT, 06824 | $330/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Fairfield at 56 Drake Lane, Fairfield, CT, 06824 generates $6,778/mo in rent and, after a $4,645/mo payment, leaves $330/mo in cash flow. Total monthly income is $6,778/mo, and annual cash flow is $3,959/yr on $312,221 invested. Return on cash invested sits at 21.33% in year one, and rental yield is 8.57% on a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 111.21% and total cumulative return in cash sums $347,232. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,778/mo property income rather than buyer’s personal income.

Single Family

Built in 1968

9,583 sqft lot

$N/A/sqft

No HOA