700 Summer Street APT 4LStamfordCT06901
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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 Stamford at 700 Summer Street APT 4L, Stamford, CT, 06901 listed at $395,000 pairs $2,775/mo rent with a $1,933/mo payment to leave $92/mo cash flow. Total monthly income runs $2,775/mo, and annual cash flow reaches $1,098/yr on $130,943 cash to close. Return on cash invested measures 20.75% in year one, and rental yield registers 8.43% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 108.14% and total cumulative return in cash totals $141,606. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,775/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06901, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,535 (100%) |
| Owner Occupied HU | 570 ( 6.7%) |
| Renter Occupied HU | 6,480 (75.9%) |
| Vacant Housing Units | 1,485 (17.4%) |
| Median Home Value | $480,370 |
| Average Home Value | $616,190 |
Housing Distribution
Address Breakdown
Residential
6,751
Single Family
629
Multi-Family
6,122
Businesses
990
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Listed by: Louise L. Petersen • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24114352