617 Cherokee Lane #BStratfordCT06614
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
Investment Highlights
Investment property for sale in Stratford at 617 Cherokee Lane #B, Stratford, CT, 06614 listed at $524,900 pairs $3,744/mo rent with a $2,569/mo payment to leave $178/mo cash flow. Total monthly income runs $3,744/mo, and annual cash flow reaches $2,132/yr on $172,692 cash to close. Return on cash invested measures 21.3% in year one, and rental yield registers 8.56% at a $524,900 basis. Equity gained on principal adds $3,387/yr, and annual property appreciation at 5% supports $145,020 by year five. Five-year ROI tracks 111.04% and total cumulative return in cash totals $191,761. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,744/mo property income relative to a $2,569/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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: Kenny Zerella • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24146302