62 Roosevelt AvenueStratfordCT06615
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Nearby investment properties with comparable prices
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 Stratford at 62 Roosevelt Avenue, Stratford, CT, 06615 priced at $335,000 pairs $2,306/mo rent with $30/mo cash flow after a $1,640/mo payment. Total monthly income equals $2,306/mo, and annual cash flow comes to $354/yr on $111,053 invested. Return on cash invested is 20.23% in year one, and rental yield stands at 8.26% on a $335,000 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,554 by year five. Five-year ROI measures 105.36% and total cumulative return in cash reaches $117,008. For financing, Ziffy Mortgage’s DSCR program evaluates $2,306/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06615, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,000 (100%) |
| Owner Occupied HU | 4,831 (60.4%) |
| Renter Occupied HU | 2,653 (33.2%) |
| Vacant Housing Units | 516 ( 6.4%) |
| Median Home Value | $379,267 |
| Average Home Value | $422,550 |
Housing Distribution
Address Breakdown
Residential
7,584
Single Family
6,722
Multi-Family
862
Businesses
1,040
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Listed by: Jill M. Taylor • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24143735