280 Main StSterlingCT06377
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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 280 Main St, Sterling, CT, 06377 priced at $397,600 converts $2,483/mo rent into after a $1,946/mo obligation. Total monthly income equals $2,483/mo. Return on cash invested prints 17.92% in year one, and rental yield reads 7.49% against a $397,600 entry. Equity gained on principal adds $2,566/yr, while 5% annual appreciation compiles into $109,850 by year five. Five-year ROI reaches 92.98% and total cumulative return in cash sums $122,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,483/mo property income covering a $1,946/mo payment, not borrower’s personal income.
Single Family
Built in 1984
3.29 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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