86 Grove Street #B6StamfordCT06901
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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 Stamford at 86 Grove Street #B6, Stamford, CT, 06901 offers $2,863/mo rent that, after a $1,463/mo payment, leaves $832/mo cash flow. Total monthly income is $2,863/mo, and annual cash flow is $9,983/yr on $99,119 cash. Return on cash invested measures 29.98% in year one, and rental yield stands at 11.49% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 157.63% and total cumulative return in cash reaches $156,238. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,863/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1924
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06901, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,535 (100%) |
| Owner Occupied HU | 570 ( 6.7%) |
| Renter Occupied HU | 6,480 (75.9%) |
| Vacant Housing Units | 1,485 (17.4%) |
| Median Home Value | $480,370 |
| Average Home Value | $616,190 |
Housing Distribution
Address Breakdown
Residential
6,751
Single Family
629
Multi-Family
6,122
Businesses
990
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Listed by: Chrissie C. Rodriguez • Higgins Group Real Estate
Mls Name: Smart MLS
Mls ID: #24148600