65 Grassy Hill RoadOld LymeCT06371
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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 Old Lyme at 65 Grassy Hill Road, Old Lyme, CT, 06371 offers $3,628/mo rent that, after a $2,447/mo payment, leaves $231/mo cash flow. Total monthly income is $3,628/mo, and annual cash flow is $2,774/yr on $165,717 cash. Return on cash invested measures 21.58% in year one, and rental yield stands at 8.71% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 112.62% and total cumulative return in cash reaches $186,636. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,628/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06371, Old Lyme, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,220 (100%) |
| Owner Occupied HU | 3,777 (60.7%) |
| Renter Occupied HU | 593 ( 9.5%) |
| Vacant Housing Units | 1,850 (29.7%) |
| Median Home Value | $574,604 |
| Average Home Value | $675,310 |
Housing Distribution
Address Breakdown
Residential
4,922
Single Family
4,922
Multi-Family
0
Businesses
368
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Listed by: Jessica L. Blancato • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24150818