74 West Lake AvenueGuilfordCT06437
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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 Guilford at 74 West Lake Avenue, Guilford, CT, 06437 listed at $433,000 pairs $3,118/mo rent with a $2,119/mo payment to leave $176/mo cash flow. Total monthly income runs $3,118/mo, and annual cash flow reaches $2,116/yr on $143,540 cash to close. Return on cash invested measures 21.38% in year one, and rental yield registers 8.64% at a $433,000 basis. Equity gained on principal adds $2,794/yr, and annual property appreciation at 5% supports $119,630 by year five. Five-year ROI tracks 111.55% and total cumulative return in cash totals $160,124. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,118/mo property income relative to a $2,119/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06437, Guilford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,679 (100%) |
| Owner Occupied HU | 7,587 (78.4%) |
| Renter Occupied HU | 1,276 (13.2%) |
| Vacant Housing Units | 816 ( 8.4%) |
| Median Home Value | $566,268 |
| Average Home Value | $620,913 |
Housing Distribution
Address Breakdown
Residential
9,388
Single Family
9,159
Multi-Family
229
Businesses
989
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Listed by: Laurie Trulock • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24119742
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.