655 Nichols AvenueStratfordCT06614
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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 Stratford at 655 Nichols Avenue, Stratford, CT, 06614 uses $94,842 cash to close to unlock $17,418/yr annual cash flow and $1,452/mo monthly cash flow. Total monthly income runs $3,485/mo, and a $1,400/mo payment keeps the spread at $1,452/mo. Purchase price stands at $286,100, and rental yield measures 14.62% with $3,485/mo rent. Return on cash invested shows 38.27% in year one, and 5% annual appreciation builds toward $79,044 over five years. Five-year ROI reaches 202.55% and total cumulative return in cash records $192,100. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,485/mo property income covering a $1,400/mo payment rather than investor’s personal income.
Single Family
Built in 1944
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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Listed by: Thomas Shrum • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24105920
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.