94 Three Lakes DrStamfordCT06902
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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 94 Three Lakes Dr, Stamford, CT, 06902 priced at $929,000 converts $4,565/mo rent into after a $4,547/mo obligation. Total monthly income equals $4,565/mo. Return on cash invested prints 13.2% in year one, and rental yield reads 5.9% against a $929,000 entry. Equity gained on principal adds $5,995/yr, while 5% annual appreciation compiles into $256,666 by year five. Five-year ROI reaches 67.63% and total cumulative return in cash sums $206,696. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,565/mo property income covering a $4,547/mo payment, not borrower’s personal income.
Single Family
Built in 1968
10,454 sqft 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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Listed by: Dober Team at Keller Williams Realty • Keller Williams Prestige Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081809
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.