22 Cheryl LaneProspectCT06712
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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 Prospect at 22 Cheryl Lane, Prospect, CT, 06712 generates $3,944/mo in rent and, after a $2,521/mo payment, leaves $445/mo in cash flow. Total monthly income is $3,944/mo, and annual cash flow is $5,334/yr on $169,435 invested. Return on cash invested sits at 23.21% in year one, and rental yield is 9.19% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 121.31% and total cumulative return in cash sums $205,549. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,944/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06712, Prospect, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,813 (100%) |
| Owner Occupied HU | 3,462 (90.8%) |
| Renter Occupied HU | 242 ( 6.3%) |
| Vacant Housing Units | 109 ( 2.9%) |
| Median Home Value | $422,004 |
| Average Home Value | $449,272 |
Housing Distribution
Address Breakdown
Residential
3,663
Single Family
3,663
Multi-Family
0
Businesses
314
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Listed by: Jennifer Bundock • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088106
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.