603 Lake DriveGuilfordCT06437
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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 Guilford at 603 Lake Drive, Guilford, CT, 06437 with 5% annual appreciation on a $649,000 basis while $3,445/mo rent supports operations. 64% in year one. Equity gained on principal adds $4,188/yr, and five-year appreciation sums $179,307 alongside rental yield of 6.37%. Five-year ROI measures 75.33% and total cumulative return in cash totals $160,848. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,445/mo property income versus a $3,177/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
3.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06437, Guilford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,679 (100%) |
| Owner Occupied HU | 7,587 (78.4%) |
| Renter Occupied HU | 1,276 (13.2%) |
| Vacant Housing Units | 816 ( 8.4%) |
| Median Home Value | $566,268 |
| Average Home Value | $620,913 |
Housing Distribution
Address Breakdown
Residential
9,388
Single Family
9,159
Multi-Family
229
Businesses
989
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Nearby investment properties with comparable prices
Listed by: Tim Galvin • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24113285