87 Creek Lane #AStratfordCT06614
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 87 Creek Lane #A, Stratford, CT, 06614 in Stratford achieves 1.73, rent of $3,258/mo covers the $1,888/mo payment 1.5x over at $419,900. Rental yield 9.31%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $116,011 over five years, with $3,867/yr in principal reduction bringing total projected return to $186,436.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 5.8% |
| Monthly Cash Flow | $(98) | $1,850 |
City averages based on Stratford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,258 |
| Total Monthly Debt Service | $2,686 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
Nearby investment properties with comparable rents
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
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24156412