73E Briarwood Lane #EBranfordCT06405
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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 Branford at 73E Briarwood Lane #E, Branford, CT, 06405 offers $1,454/mo rent that, after a $929/mo payment, leaves $164/mo cash flow. Total monthly income is $1,454/mo, and annual cash flow is $1,970/yr on $62,952 cash. Return on cash invested measures 23.04% in year one, and rental yield stands at 9.19% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 120.48% and total cumulative return in cash reaches $75,845. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,454/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06405, Branford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,472 (100%) |
| Owner Occupied HU | 9,240 (63.8%) |
| Renter Occupied HU | 4,157 (28.7%) |
| Vacant Housing Units | 1,075 ( 7.4%) |
| Median Home Value | $485,013 |
| Average Home Value | $561,238 |
Housing Distribution
Address Breakdown
Residential
13,888
Single Family
12,372
Multi-Family
1,516
Businesses
1,642
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Listed by: Gene Pica • RE/MAX Alliance
Mls Name: Smart MLS
Mls ID: #24136226