2 Bridgeworth LaneShermanCT06784
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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 Sherman at 2 Bridgeworth Lane, Sherman, CT, 06784 offers a 10.13% rental yield on a $880,000 purchase with $7,429/mo rent. Total monthly income registers $7,429/mo, and a $4,307/mo payment leaves $1,447/mo available for distribution. Annual cash flow reaches $17,365/yr on $289,520 to close, and return on cash invested stands at 26.06% in year one. Equity gained on principal adds $5,679/yr while 5% annual appreciation supports $243,128 over five years. Portfolio math shows five-year ROI at 136.6% and total cumulative return in cash at $395,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,429/mo property income against a $4,307/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
3.67 Acres lot
$N/A/sqft
$35 annually 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
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Listed by: Rebecca Ward • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24109985
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.