406 Cherry LaneOakdaleCT06370
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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 Oakdale at 406 Cherry Lane, Oakdale, CT, 06370 uses $149,142 cash to close to unlock $1,898/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $3,215/mo, and a $2,202/mo payment keeps the spread at $158/mo. Purchase price stands at $449,900, and rental yield measures 8.58% with $3,215/mo rent. Return on cash invested shows 21.18% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 110.49% and total cumulative return in cash records $164,782. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,215/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06370, Oakdale, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,846 (100%) |
| Owner Occupied HU | 2,278 (80.0%) |
| Renter Occupied HU | 404 (14.2%) |
| Vacant Housing Units | 164 ( 5.8%) |
| Median Home Value | $338,778 |
| Average Home Value | $348,222 |
Housing Distribution
Address Breakdown
Residential
2,829
Single Family
2,789
Multi-Family
40
Businesses
103
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Listed by: Victor L. Santana • Santana Realty Group LLC
Mls Name: Smart MLS
Mls ID: #24151891