607 Cherokee Ln #AStratfordCT06614
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 607 Cherokee Ln #A, Stratford, CT, 06614 in Stratford deserves attention. This $335,000 property earns $2,331/mo in rent, a 11.67% gross yield, and nets $501/mo after the $1,506/mo payment. DSCR 1.55 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $92,554 compounds alongside $3,085/yr in yearly equity build, for a total cumulative return of $102,565.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 5.8% |
| Monthly Cash Flow | $501 | $1,850 |
City averages based on Stratford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,331 |
| Total Monthly Debt Service | $2,625 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1974
N/A lot
$N/A/sqft
$482 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
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
Condo
Built in 1974
N/A lot
$N/A/sqft
$482 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06614, Stratford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,730 (100%) |
| Owner Occupied HU | 11,437 (83.3%) |
| Renter Occupied HU | 1,743 (12.7%) |
| Vacant Housing Units | 550 ( 4.0%) |
| Median Home Value | $362,664 |
| Average Home Value | $451,603 |
Housing Distribution
Address Breakdown
Residential
13,364
Single Family
12,758
Multi-Family
606
Businesses
571
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John T. Shea • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090970
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.