850 E Main St APT 202StamfordCT06902
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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 850 E Main St APT 202, Stamford, CT, 06902 uses $148,777 cash to close to unlock $4,911/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $3,459/mo, and a $2,197/mo payment keeps the spread at $409/mo. Purchase price stands at $448,800, and rental yield measures 9.25% with $3,459/mo rent. Return on cash invested shows 23.21% in year one, and 5% annual appreciation builds toward $123,995 over five years. Five-year ROI reaches 121.35% and total cumulative return in cash records $180,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,459/mo property income covering a $2,197/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06902, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,265 (100%) |
| Owner Occupied HU | 11,101 (35.5%) |
| Renter Occupied HU | 18,435 (59.0%) |
| Vacant Housing Units | 1,729 ( 5.5%) |
| Median Home Value | $632,932 |
| Average Home Value | $741,180 |
Housing Distribution
Address Breakdown
Residential
27,231
Single Family
16,684
Multi-Family
10,547
Businesses
1,798
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