537 Cherry Brook RoadCantonCT06019
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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
Rental property for sale in Canton at 537 Cherry Brook Road, Canton, CT, 06019 generates $3,360/mo in rent and, after a $2,173/mo payment, leaves $343/mo in cash flow. Total monthly income is $3,360/mo, and annual cash flow is $4,121/yr on $147,186 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 9.08% on a $444,000 entry. Equity gained on principal adds $2,865/yr, while 5% annual appreciation builds toward $122,669 over five years. Five-year ROI reaches 118.66% and total cumulative return in cash sums $174,654. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06019, Canton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,482 (100%) |
| Owner Occupied HU | 3,553 (79.3%) |
| Renter Occupied HU | 744 (16.6%) |
| Vacant Housing Units | 185 ( 4.1%) |
| Median Home Value | $485,481 |
| Average Home Value | $513,854 |
Housing Distribution
Address Breakdown
Residential
4,339
Single Family
4,110
Multi-Family
229
Businesses
402
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Listed by: Nicole Elliott • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24138060