970 Hope Street #4JStamfordCT06905
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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 970 Hope Street #4J, Stamford, CT, 06905 offers a 10.67% rental yield on a $299,000 purchase with $2,659/mo rent. Total monthly income registers $2,659/mo, and a $1,463/mo payment leaves $628/mo available for distribution. Annual cash flow reaches $7,535/yr on $99,119 to close, and return on cash invested stands at 27.51% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 144.38% and total cumulative return in cash at $143,110. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,659/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06905, Stamford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,048 (100%) |
| Owner Occupied HU | 5,333 (66.3%) |
| Renter Occupied HU | 2,362 (29.3%) |
| Vacant Housing Units | 353 ( 4.4%) |
| Median Home Value | $647,003 |
| Average Home Value | $742,976 |
Housing Distribution
Address Breakdown
Residential
8,885
Single Family
6,174
Multi-Family
2,711
Businesses
1,063
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Listed by: Keiko Martelli • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24134515