62 Greenmanville AvenueMysticCT06355
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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 Mystic at 62 Greenmanville Avenue, Mystic, CT, 06355 priced at $749,000 converts $4,040/mo rent into after a $3,666/mo obligation. Total monthly income equals $4,040/mo. Return on cash invested prints 14.95% in year one, and rental yield reads 6.47% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 77.02% and total cumulative return in cash sums $189,784. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,040/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in 1899
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Lisa Mireault • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24106141
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