62 Fourth StreetStamfordCT06905
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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 62 Fourth Street, Stamford, CT, 06905 with 5% annual appreciation on a $1,500,000 basis while $2,609/mo rent supports operations. 65% in year one. Equity gained on principal adds $9,679/yr, and five-year appreciation sums $414,422 alongside rental yield of 2.09%. Five-year ROI measures 5.62% and total cumulative return in cash totals $27,311. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,609/mo property income versus a $7,342/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1976
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06905, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,048 (100%) |
| Owner Occupied HU | 5,333 (66.3%) |
| Renter Occupied HU | 2,362 (29.3%) |
| Vacant Housing Units | 353 ( 4.4%) |
| Median Home Value | $647,003 |
| Average Home Value | $742,976 |
Housing Distribution
Address Breakdown
Residential
8,885
Single Family
6,174
Multi-Family
2,711
Businesses
1,063
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Listed by: Bob Jr L. Virgulak • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24143303