99 Prospect St APT 2JStamfordCT06905
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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 99 Prospect St APT 2J, Stamford, CT, 06905 priced at $241,000 converts $1,715/mo rent into after a $1,180/mo obligation. Total monthly income equals $1,715/mo. Return on cash invested prints 14.13% in year one, and rental yield reads 8.54% against a $241,000 entry. Equity gained on principal adds $1,555/yr, while 5% annual appreciation compiles into $66,584 by year five. Five-year ROI reaches 75.2% and total cumulative return in cash sums $60,076. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,715/mo property income covering a $1,180/mo payment, not borrower’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$462 monthly 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: Anthony Matteis Jr. • AJM Real Estate Services, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079603
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.