60 Bates StreetStratfordCT06615
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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
Rental property for sale in Stratford at 60 Bates Street, Stratford, CT, 06615 generates $2,831/mo in rent and, after a $1,884/mo payment, leaves $216/mo in cash flow. Total monthly income is $2,831/mo, and annual cash flow is $2,586/yr on $127,628 invested. Return on cash invested sits at 21.94% in year one, and rental yield is 8.82% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 114.52% and total cumulative return in cash sums $146,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,831/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06615, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,000 (100%) |
| Owner Occupied HU | 4,831 (60.4%) |
| Renter Occupied HU | 2,653 (33.2%) |
| Vacant Housing Units | 516 ( 6.4%) |
| Median Home Value | $379,267 |
| Average Home Value | $422,550 |
Housing Distribution
Address Breakdown
Residential
7,584
Single Family
6,722
Multi-Family
862
Businesses
1,040
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Listed by: Melissa Jimenez • Premier Properties of CT
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095622
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.