626 W Lyon Farm Dr UNIT 626GreenwichCT06831
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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 Greenwich at 626 W Lyon Farm Dr UNIT 626, Greenwich, CT, 06831 generates $4,949/mo in rent, after a $7,807/mo payment. Total monthly income is $4,949/mo. Return on cash invested sits at 6.7% in year one, and rental yield is 3.72% on a $1,595,000 entry. Equity gained on principal adds $10,292/yr, while 5% annual appreciation builds toward $440,669 over five years. Five-year ROI reaches 32.7% and total cumulative return in cash sums $169,001. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,949/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06831, Greenwich, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,210 (100%) |
| Owner Occupied HU | 4,292 (69.1%) |
| Renter Occupied HU | 1,315 (21.2%) |
| Vacant Housing Units | 603 ( 9.7%) |
| Median Home Value | $1,449,753 |
| Average Home Value | $1,484,512 |
Housing Distribution
Address Breakdown
Residential
5,799
Single Family
5,482
Multi-Family
317
Businesses
531
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Listed by: Stacey Delikat • Houlihan Lawrence
Mls Name: Greenwich MLS, Inc.
Mls ID: #123917