2 Sharren LaneEnfieldCT06082
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 Enfield at 2 Sharren Lane, Enfield, CT, 06082 priced at $294,900 converts $2,832/mo rent into $829/mo cash flow after a $1,443/mo obligation. Total monthly income equals $2,832/mo, and annual cash flow totals $9,944/yr on $97,759 invested. Return on cash invested prints 30.08% in year one, and rental yield reads 11.52% against a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation compiles into $81,475 by year five. Five-year ROI reaches 158.2% and total cumulative return in cash sums $154,651. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,832/mo property income covering a $1,443/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06082, Enfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,831 (100%) |
| Owner Occupied HU | 12,637 (70.9%) |
| Renter Occupied HU | 4,435 (24.9%) |
| Vacant Housing Units | 759 ( 4.3%) |
| Median Home Value | $293,010 |
| Average Home Value | $335,568 |
Housing Distribution
Address Breakdown
Residential
17,608
Single Family
16,797
Multi-Family
811
Businesses
983
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Gabriel • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24146415