99 Prospect St UNIT 2HStamfordCT06905
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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 99 Prospect St UNIT 2H, Stamford, CT, 06905 uses $82,544 cash to close to unlock $887/yr annual cash flow and $74/mo monthly cash flow. Total monthly income runs $2,228/mo, and a $1,219/mo payment keeps the spread at $74/mo. Purchase price stands at $249,000, and rental yield measures 10.74% with $2,228/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 111.83% and total cumulative return in cash records $92,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,228/mo property income covering a $1,219/mo payment rather than investor’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: Rosa Rastegar • Crown Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089441
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.