70 Sill LaneOld LymeCT06371
Nearby investment properties with comparable rents
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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 70 Sill Lane, Old Lyme, CT, 06371 offers $7,399/mo rent that, after a $8,639/mo payment. Total monthly income is $7,399/mo. Return on cash invested measures 10.42% in year one, and rental yield stands at 5.03% at a $1,765,000 entry. Equity gained on principal adds $11,389/yr while 5% annual appreciation compounds into $487,637 by year five. Five-year ROI records 52.81% and total cumulative return in cash reaches $301,983. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,399/mo property income versus a $8,639/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
5.36 Acres lot
$N/A/sqft
$1,750 annually 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: Angela Ruel • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095568
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.