61 Rock Spring Rd APT 34StamfordCT06906
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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 Stamford at 61 Rock Spring Rd APT 34, Stamford, CT, 06906 uses $183,911 cash to close to unlock $6,167/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $4,780/mo, and a $2,736/mo payment keeps the spread at $514/mo. Purchase price stands at $559,000, and rental yield measures 10.26% with $4,780/mo rent. Return on cash invested shows 23.41% in year one, and 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 123.5% and total cumulative return in cash records $227,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,780/mo property income covering a $2,736/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$468 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06906, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,672 (100%) |
| Owner Occupied HU | 2,083 (56.7%) |
| Renter Occupied HU | 1,445 (39.4%) |
| Vacant Housing Units | 144 ( 3.9%) |
| Median Home Value | $592,612 |
| Average Home Value | $607,164 |
Housing Distribution
Address Breakdown
Residential
3,711
Single Family
3,157
Multi-Family
554
Businesses
387
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Listed by: JMX TEAM AT COMPASS • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24082160
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.