226 Harris RoadSterlingCT06377
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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 Sterling at 226 Harris Road, Sterling, CT, 06377 earns $1,259/mo cash flow from $4,446/mo rent with a $2,296/mo payment. Total monthly income totals $4,446/mo, and annual cash flow totals $15,107/yr on $155,474 capital. ROI tracks 29.63% on current figures, and rental yield reads 11.38% at a $469,000 purchase. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 over five years. Five-year ROI reaches 155.74% and total cumulative return in cash sums $242,131. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,446/mo property income instead of your personal income.
Single Family
Built in 2001
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06377, Sterling, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,185 (100%) |
| Owner Occupied HU | 946 (79.8%) |
| Renter Occupied HU | 186 (15.7%) |
| Vacant Housing Units | 53 ( 4.5%) |
| Median Home Value | $342,810 |
| Average Home Value | $360,114 |
Housing Distribution
Address Breakdown
Residential
968
Single Family
968
Multi-Family
0
Businesses
44
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Listed by: Coleen Brakenwagen • Jason Mitchell Real Estate Connecticut LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24107284
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.