7 River Rd #E3Cos CobCT06807
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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 Cos Cob at 7 River Rd #E3, Cos Cob, CT, 06807 uses $40,940 cash to close to unlock $1,804/yr annual cash flow and $150/mo monthly cash flow. Total monthly income runs $989/mo, and a $604/mo payment keeps the spread at $150/mo. Purchase price stands at $123,500, and rental yield measures 9.61% with $989/mo rent. Return on cash invested shows 24.32% in year one, and 5% annual appreciation builds toward $34,121 over five years. Five-year ROI reaches 127.36% and total cumulative return in cash records $52,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $989/mo property income covering a $604/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06807, Cos Cob, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,891 (100%) |
| Owner Occupied HU | 2,032 (70.3%) |
| Renter Occupied HU | 709 (24.5%) |
| Vacant Housing Units | 150 ( 5.2%) |
| Median Home Value | $1,357,004 |
| Average Home Value | $1,453,123 |
Housing Distribution
Address Breakdown
Residential
2,859
Single Family
2,810
Multi-Family
49
Businesses
349
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Listed by: Barbara Stephens • Sotheby's International Realty
Mls Name: Greenwich MLS, Inc.
Mls ID: #124272