26 Sterling Ridge Ln LOT 24SterlingCT06377
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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 Sterling at 26 Sterling Ridge Ln LOT 24, Sterling, CT, 06377 priced at $369,000 converts $2,494/mo rent into after a $1,806/mo obligation. Total monthly income equals $2,494/mo. Return on cash invested prints 18.41% in year one, and rental yield reads 8.11% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 96.07% and total cumulative return in cash sums $117,519. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,494/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 2025
2,178 sqft lot
$N/A/sqft
$140 monthly 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: Patrick Farrell • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24077613
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.