8 Washington AvenueWestportCT06880
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Nearby investment properties with comparable prices
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 Westport at 8 Washington Avenue, Westport, CT, 06880 generates $23,460/mo in rent and, after a $8,066/mo payment, leaves $12,263/mo in cash flow. Total monthly income is $23,460/mo, and annual cash flow is $147,154/yr on $533,952 invested. Return on cash invested sits at 47.93% in year one, and rental yield is 17.08% on a $1,648,000 entry. Equity gained on principal adds $10,634/yr, while 5% annual appreciation builds toward $455,312 over five years. Five-year ROI reaches 253.81% and total cumulative return in cash sums $1,355,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $23,460/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06880, Westport, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,585 (100%) |
| Owner Occupied HU | 8,297 (78.4%) |
| Renter Occupied HU | 1,510 (14.3%) |
| Vacant Housing Units | 778 ( 7.4%) |
| Median Home Value | $1,427,663 |
| Average Home Value | $1,492,461 |
Housing Distribution
Address Breakdown
Residential
10,566
Single Family
10,090
Multi-Family
476
Businesses
1,534
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Listed by: Susan Vanech • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24100527