76 Lamphere Rd, Mystic, CT, 06355 | 7.44% Rental Yield

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76 Lamphere Rd, Mystic, CT, 06355 | 7.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mystic at 76 Lamphere Rd, Mystic, CT, 06355 listed at $399,999 pairs $2,480/mo rent with a $1,958/mo payment. Total monthly income runs $2,480/mo. Return on cash invested measures 17.76% in year one, and rental yield registers 7.44% at a $399,999 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,512 by year five. Five-year ROI tracks 92.08% and total cumulative return in cash totals $122,103. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,480/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1959

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Meticulous Move-In Ready Ranch on Large Corner Lot in Mystic, CTTurnkey Garden Oasis in Fieldcrest! Description: This beautifully modernized and maintained open concept ranch on a large corner lot in the desirable Fieldcrest neighborhood offers security, comfort, and convenience with ALL major remodeling upgrades completed from the roof to the plumbing! This home is just minutes from downtown Mystic, all local schools, the neighborhood park, Mystic Village, Mystic Seaport, Mystic Aquarium, and Esker Point Beach! The neighborhood is quiet, safe, and friendly! The property is lush and well-maintained; this charming home offers versatility and tranquility for years to come. The huge, fully fenced backyard is a peaceful retreat with established blueberry bushes, a strawberry patch, and asparagus bedperfect for gardening enthusiasts! Enjoy gorgeous sunrises, sunsets and full sun all day on the new patio a perfect space for relaxing and entertaining, with plenty of room to expand your garden, or watch your children and pets play! The garage offers a new garage door with plenty of space and protection for your vehicle in addition to the ample and newly paved driveway! Upstairs, the freshly painted home features 3 sunlit bedrooms and 1 full bath with plenty of storage and numerous recent upgrades throughout including a Bluetooth speaker bathroom fan, Ecobee Smart Home Thermostat and sensor, and a Ring Driveway Video/Floodlight. Downstairs, the partially finished basement includes two more finished rooms offering extra space for two more bedrooms, a home office, gym, guests, entertaining, home theater, or playroomAND the basement is already plumbed for an additional bathroom! This home is also approved for small business use, offering the opportunity to build a home-based business (buyer to confirm with Town of Groton Zoning Board). This home is conveniently located to I-95, making an easy commute to Electric Boat, Groton Submarine Base, Pfizer, Mohegan Sun and Foxwoods Casinos, and so much more! This energy-efficient, meticulously maintained, and business-friendly Fieldcrest home has it all; peace of mind is everything! It wont last long, so request your private showing today! Key Features & Updates Include: 3 Beds / 1 Bath + 2 Finished Basement Rooms New Roof (2016) New Solar Panels (2018 Transferable Contract) Fully Renovated Kitchen & Bath (2019) New Kitchen Appliances (2019) New Plumbing (2019) New Front Exterior and Storm Door, and 6-Panel Interior Doors (2019) Hardwood Floors Refinished (2019) New Bay Window (Fall 2024) + Windows (2016) Water Heater (2019) Furnace connected to Ecobee Smart Thermostat (comes with an additional Sensor (2023)) New Oil Tank (2023) New Electrical Panel (2023) New Driveway, Garage Door, Ring Security Video/Flood Lights (Fall 2024) Exterior Updated (2023) & Power-Washed Annually New Backyard Sealed Paver Patio (2023) Updated Fence: New Side Double Gate, New Front Gate (2023 Stained & Sealed) Hot/Cold Water Frost-Free Faucet in Backyard (2023) New Frost-Free Front Yard Faucet (2023) Basement Plumbed and Ready for 2nd Bathroom (2023) Fresh Interior Benjamin Moore Paint (2025) Central Air Conditioning and Heat AC Unit, Furnace, & Water Heater Serviced Annually Prefer private sale, but happy to work with your agent! Price: $399,999 Contact: Jill Mucciarone 860-501-1981