60 Carriage DriveStratfordCT06614
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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 Carriage Drive, Stratford, CT, 06614 generates $4,252/mo in rent and, after a $2,814/mo payment, leaves $346/mo in cash flow. Total monthly income is $4,252/mo, and annual cash flow is $4,146/yr on $189,175 invested. Return on cash invested sits at 22.25% in year one, and rental yield is 8.87% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 116.18% and total cumulative return in cash sums $219,779. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,252/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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Listed by: Denise Curcio • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24126109