406 Cherry LaneOakdaleCT06370
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 406 Cherry Lane, Oakdale, CT, 06370 in Oakdale is narrow, $152/mo net on $3,175/mo rent after the $2,001/mo debt service, but the property operates at break-even-plus, not a loss. At $444,900 with a 8.56% yield, the long-run equity case via 5% appreciation ($122,918 over five years) and $4,098/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.59 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $179,634.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 8.0% |
| Monthly Cash Flow | $152 | $1,500 |
City averages based on Oakdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,175 |
| Total Monthly Debt Service | $2,846 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victor L. Santana • Santana Realty Group LLC
Mls Name: Smart MLS
Mls ID: #24151891