60 Lyme Street, Old Lyme, CT, 06371 | 4.89% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
2027 sft

197 Meadow Hills Dr, Guilford, CT, 06437

3 Bed
3 Bath
2965 sft

17 Cream Pot Rd, Clinton, CT, 06413

4 Bed
4 Bath
3771 sft

20 Peach Lane, East Lyme, CT, 06333

4 Bed
3 Bath
2962 sft

14 Clark Rd, Lyme, CT, 06371

Nearby investment properties with comparable prices

4 Bed
3 Bath
3076 sft

44 Allyn St, Mystic, CT, 06355

4 Bed
3 Bath
4576 sft

74 Mile Creek Road, Old Lyme, CT, 06371

4 Bed
3 Bath
3730 sft

8 Cromwell Pl, Old Saybrook, CT, 06475

3 Bed
3 Bath
2400 sft

555 Three Waters Ln, Orient, NY, 11957

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Old Lyme at 60 Lyme Street, Old Lyme, CT, 06371 offers a 4.89% rental yield on a $1,395,000 purchase with $5,682/mo rent. 29% in year one. Equity gained on principal adds $9,002/yr while 5% annual appreciation supports $385,413 over five years. Portfolio math shows five-year ROI at 51.98% and total cumulative return in cash at $234,934. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,682/mo property income against a $6,828/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1875

1.11 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 06371, Old Lyme, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,220 (100%)
Owner Occupied HU	3,777 (60.7%)
Renter Occupied HU	593 ( 9.5%)
Vacant Housing Units	1,850 (29.7%)
Median Home Value	$574,604
Average Home Value	$675,310