951 Old Clinton Road #17WestbrookCT06498
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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 Westbrook at 951 Old Clinton Road #17, Westbrook, CT, 06498 generates $4,133/mo in rent and, after a $2,789/mo payment, leaves $261/mo in cash flow. Total monthly income is $4,133/mo, and annual cash flow is $3,134/yr on $187,497 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 8.7% on a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 113.4% and total cumulative return in cash sums $212,622. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,133/mo property income rather than buyer’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06498, Westbrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,096 (100%) |
| Owner Occupied HU | 2,427 (59.3%) |
| Renter Occupied HU | 681 (16.6%) |
| Vacant Housing Units | 988 (24.1%) |
| Median Home Value | $556,877 |
| Average Home Value | $682,440 |
Housing Distribution
Address Breakdown
Residential
3,570
Single Family
3,538
Multi-Family
32
Businesses
347
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Listed by: Gigi Giordano • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24100815