58 Main StMysticCT06355
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 58 Main St, Mystic, CT, 06355 in Mystic: $36,000/mo in rent, $28,186/mo net, 37.57% gross yield, all on a $1,150,000 acquisition. The 6.96 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $317,724 in value, and $10,592/yr in principal paydown steadily builds equity. Projected total cumulative return: $2,252,858.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 37.6% | 6.0% |
| Monthly Cash Flow | $28,186 | $1,500 |
City averages based on Mystic market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $36,000 |
| Total Monthly Debt Service | $7,356 |
| DSCR Ratio | 4.89x |
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.
Multi Family
Built in 1890
0.34 Acres lot
$N/A/sqft
No HOA
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
Multi Family
Built in 1890
0.34 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices