209 Memory LaneCheshireCT06410
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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
Rental property for sale in Cheshire at 209 Memory Lane, Cheshire, CT, 06410 priced at $904,200 converts $4,194/mo rent into after a $4,426/mo obligation. Total monthly income equals $4,194/mo. Return on cash invested prints 12.19% in year one, and rental yield reads 5.57% against a $904,200 entry. Equity gained on principal adds $5,835/yr, while 5% annual appreciation compiles into $249,814 by year five. Five-year ROI reaches 62.25% and total cumulative return in cash sums $185,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,194/mo property income covering a $4,426/mo payment, not borrower’s personal income.
Single Family
Built in 2026
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
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Listed by: Philip A. Giampietro • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24117690