294 Pine Hill 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 294 Pine Hill Road, Sterling, CT, 06377 offers a 8.6% rental yield on a $509,000 purchase with $3,647/mo rent. Total monthly income registers $3,647/mo, and a $2,491/mo payment leaves $189/mo available for distribution. Annual cash flow reaches $2,267/yr on $167,461 to close, and return on cash invested stands at 21.41% in year one. Equity gained on principal adds $3,285/yr while 5% annual appreciation supports $140,627 over five years. Portfolio math shows five-year ROI at 111.67% and total cumulative return in cash at $187,009. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,647/mo property income against a $2,491/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
4.58 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: Michael Hvizdo • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24113983