24 River RoadSterlingCT06377
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable and efficiently structured, 24 River Road, Sterling, CT, 06377 in Sterling is a conservative rental investment at $399,900. Rental yield 8%. A 1.48 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $110,485; $3,683/yr in principal paydown supplements. Total projected return: $149,389.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 7.0% |
| Monthly Cash Flow | $(52) | $400 |
City averages based on Sterling market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,665 |
| Total Monthly Debt Service | $2,558 |
| DSCR Ratio | 1.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1777
2.33 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
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
Single Family
Built in 1777
2.33 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Joseph • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24144614