42 Long River RoadShermanCT06784
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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 Sherman at 42 Long River Road, Sherman, CT, 06784 earns from $3,715/mo rent with a $5,134/mo payment. Total monthly income totals $3,715/mo. ROI tracks 7.88% on current figures, and rental yield reads 4.25% at a $1,049,000 purchase. Equity gained on principal adds $6,769/yr, and 5% annual appreciation supports $289,819 over five years. Five-year ROI reaches 39.22% and total cumulative return in cash sums $133,288. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,715/mo property income instead of your personal income.
Single Family
Built in 2021
1.84 Acres lot
$N/A/sqft
$1,500 annually 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: Cynthia Szentkuti • Ridgefield Homes Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104068
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.