56 E Main St #2MysticCT06355
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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 Mystic at 56 E Main St #2, Mystic, CT, 06355 with 5% annual appreciation on a $1,235,000 basis while $2,820/mo rent supports operations. 76% in year one. Equity gained on principal adds $7,969/yr, and five-year appreciation sums $341,208 alongside rental yield of 2.74%. Five-year ROI measures 11.93% and total cumulative return in cash totals $47,756. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,820/mo property income versus a $6,045/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1890
N/A lot
$N/A/sqft
$300 monthly HOA
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Listed by: Next Level Team of RE/MAX One • RE/MAX ONE
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24046009
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