51 Soderman Way #51, Cheshire, CT, 06410 | 7.24% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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51 Soderman Way #51, Cheshire, CT, 06410 | 7.24% Rental Yield | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $4,549/mo, and a $3,689/mo payment. Purchase price stands at $753,635, and rental yield measures 7.24% with $4,549/mo rent. Return on cash invested shows 15.96% in year one, and 5% annual appreciation builds toward $208,215 over five years. Five-year ROI reaches 82.94% and total cumulative return in cash records $205,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,549/mo property income covering a $3,689/mo payment rather than investor’s personal income.

Condo

Built in 2024

N/A lot

$N/A/sqft

$275 monthly HOA

More details about the property

Available in the Fall of 2024. Carriage Home is stylish and sophisticated, yet every bit as warm, our Carriage homes provide the perfect mix of luxury, function, and comfort. You'll feel its charm upon entering the foyer, which leads to the heart of the home. A bright, open kitchen overlooks the dining area and wow-factor, the 2-story great room - perfect for movie nights and entertaining. Just off the great room, the primary suite features a walk-in closet and luxury bath with walk-in shower and dual vanity. The upstairs features two bedrooms, a full bath, private study, loft space, and laundry room. Includes option for a fourth bedroom, option for finished basement, and option for first floor laundry. Images are artistic renderings and photos of EG Home carriage homes that are representative of the builder's work and similar to The Reserve at Stonebridge Crossing floorplans. The Reserve at Stonebridge Crossing is Cheshire's newest community and will feature a park area with walking path and gazebo with grills and firepit to gather with neighbors and friends. MODEL HOME AVAILABLE TO TOUR. The photos, renderings and floorplans represent the model home and are for marketing purposes only. Photos may show upgrades at additional cost. The included features supersede all artistic renderings and photos. All specifications are subject to change without notice. This EG Home meets the extraordinary levels of excellence in energy and performance specified by the Department of Energy's Zero Energy Ready certification. With an array of cutting-edge features, you can enjoy an independently inspected home that ensures unparalleled comfort and long-lasting durability. Our Zero Energy Ready homes boast combustion-free water heating and space conditioning, rapid hot water delivery through an on-demand recirculation loop, induction cooking, and spray foam insulation. Our Indoor airPLUS certification ensures that your home maintains exceptional indoor air quality. Come build your dream home with EG HOME

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

Price History

Date	Event	Price
2024-06-28	Listed for sale	$753,635
2024-05-28	Listing removed	N/A
2024-05-17	Price change	$672,275

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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10 Heritage Drive, Prospect, CT, 06712

3 Bed
2 Bath
2061 sft

94 Glen Road, Sandy Hook, CT, 06482

3 Bed
2 Bath
2426 sft

48 Andrew Lane, Orange, CT, 06477

Nearby investment properties with comparable prices

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- Bath
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LOT 1109 Saint Andrews Dr #15, Oxford, CT, 06478

3 Bed
3 Bath
3531 sft

212 Chip Shot Ln #212, Oxford, CT, 06478

3 Bed
3 Bath
1746 sft

12 Hughes Place #12, New Haven, CT, 06511

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 2024
Architectural Style: N/A
Building Area: 2,450
Living Area: 2,450 sqft
Property Condition: To Be Built

Features & Amenities

Heating: Heat Pump, Zoned, Electric
Cooling: Central Air
Flooring: N/A
Interior Features: Wired for Data, Smart Thermostat
Exterior Features: Underground Sprinkler
Parking Features: Attached, Garage Door Opener

Location

City: Cheshire
State: CT
Subdivision: N/A
Lot Size: N/A
Lot Features: Wooded, Level, Sloped
View: N/A

HOA & Fees

HOA Fee: $275 monthly
Association Fee: $275 monthly
Fees & Dues: N/A
Association Amenities: Park, Management
Association Fee Includes: Trash, Snow Removal, Road Maintenance, Insurance

Utilities

Utilities: Underground Utilities
Sewer: Public Sewer
Water Source: Public
Road Surface Type: N/A

School Information

Elementary School: Per Board of Ed
Middle School: Dodd
High School: Cheshire

What's Special

Crawl Space,Access Via Hatch

Listed by: Lauren Logiacco • EG Group Realty

Mls Name: Smart MLS

Mls Provider: Mls

Mls ID: #24007581

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.

51 Soderman Way #51,Cheshire,CT,06410

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

51 Soderman Way #51CheshireCT06410