40 Sterling Ridge CourtCheshireCT06410
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 40 Sterling Ridge Court, Cheshire, CT, 06410 in Cheshire. Rental yield 3.57%. At $1,410,000 with 3.57% gross yield, current distributions are modest, but the 5% appreciation rate projects $389,557 in new equity by year five, complemented by $12,986/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.66) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $191,759.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.6% | 5.0% |
| Monthly Cash Flow | $(5,386) | $300 |
City averages based on Cheshire market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,194 |
| Total Monthly Debt Service | $9,019 |
| DSCR Ratio | 0.47x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2007
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
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 2007
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leanne M. Delrosso • Lamacchia Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24123003
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.