18 Green Pond RoadShermanCT06784
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
Investment Highlights
Rental property for sale in Sherman at 18 Green Pond Road, Sherman, CT, 06784 offers $2,518/mo rent that, after a $1,953/mo payment. Total monthly income is $2,518/mo. Return on cash invested measures 18.16% in year one, and rental yield stands at 7.57% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 94.23% and total cumulative return in cash reaches $124,634. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,518/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06784, Sherman, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,931 (100%) |
| Owner Occupied HU | 1,399 (72.4%) |
| Renter Occupied HU | 124 ( 6.4%) |
| Vacant Housing Units | 408 (21.1%) |
| Median Home Value | $657,151 |
| Average Home Value | $750,236 |
Housing Distribution
Address Breakdown
Residential
1,738
Single Family
1,738
Multi-Family
0
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Chemero • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24135325