35 Skyline DriveShermanCT06784
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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 Sherman at 35 Skyline Drive, Sherman, CT, 06784 priced at $1,395,000 converts $4,800/mo rent into after a $6,828/mo obligation. Total monthly income equals $4,800/mo. Return on cash invested prints 7.95% in year one, and rental yield reads 4.13% against a $1,395,000 entry. Equity gained on principal adds $9,002/yr, while 5% annual appreciation compiles into $385,413 by year five. Five-year ROI reaches 39.42% and total cumulative return in cash sums $178,174. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,800/mo property income covering a $6,828/mo payment, not borrower’s personal income.
Single Family
Built in 1982
1.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06784, Sherman, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,931 (100%) |
| Owner Occupied HU | 1,399 (72.4%) |
| Renter Occupied HU | 124 ( 6.4%) |
| Vacant Housing Units | 408 (21.1%) |
| Median Home Value | $657,151 |
| Average Home Value | $750,236 |
Housing Distribution
Address Breakdown
Residential
1,738
Single Family
1,738
Multi-Family
0
Businesses
96
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Listed by: Barbara L. Sivba • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24133036