264 Lyman Road #2-12WolcottCT06716
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 264 Lyman Road #2-12, Wolcott, CT, 06716 in Wolcott achieves a 1.97 ratio at $199,500: $1,770/mo rent versus $897/mo debt service. Rental yield 10.65%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 10.65% yield compounds alongside 5% annual appreciation projecting $55,118 in value. Total projected cumulative return: $63,963.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.2% |
| Monthly Cash Flow | $(234) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,770 |
| Total Monthly Debt Service | $1,924 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1965
N/A lot
$N/A/sqft
$648 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06716, Wolcott, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,411 (100%) |
| Owner Occupied HU | 5,399 (84.2%) |
| Renter Occupied HU | 768 (12.0%) |
| Vacant Housing Units | 244 ( 3.8%) |
| Median Home Value | $387,037 |
| Average Home Value | $432,363 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
6,001
Multi-Family
218
Businesses
468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1965
N/A lot
$N/A/sqft
$648 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06716, Wolcott, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,411 (100%) |
| Owner Occupied HU | 5,399 (84.2%) |
| Renter Occupied HU | 768 (12.0%) |
| Vacant Housing Units | 244 ( 3.8%) |
| Median Home Value | $387,037 |
| Average Home Value | $432,363 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
6,001
Multi-Family
218
Businesses
468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Boswell • LPT Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24183255
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.