12 Cherry StreetWinstedCT06098
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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 Winsted at 12 Cherry Street, Winsted, CT, 06098 with 5% annual appreciation on a $287,750 basis while $1,860/mo rent supports operations. 72% in year one. Equity gained on principal adds $1,857/yr, and five-year appreciation sums $79,500 alongside rental yield of 7.76%. Five-year ROI measures 97.26% and total cumulative return in cash totals $92,778. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,860/mo property income versus a $1,408/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1800
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06098, Winsted, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,484 (100%) |
| Owner Occupied HU | 2,978 (54.3%) |
| Renter Occupied HU | 1,763 (32.1%) |
| Vacant Housing Units | 743 (13.5%) |
| Median Home Value | $284,893 |
| Average Home Value | $365,792 |
Housing Distribution
Address Breakdown
Residential
4,821
Single Family
4,459
Multi-Family
362
Businesses
397
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Listed by: Susan McGhee • The Washington Agency
Mls Name: Smart MLS
Mls ID: #24108213