62 Sherwood DriveEastonCT06612
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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 Easton at 62 Sherwood Drive, Easton, CT, 06612 priced at $1,500,000 converts $5,175/mo rent into after a $7,342/mo obligation. Total monthly income equals $5,175/mo. Return on cash invested prints 7.98% in year one, and rental yield reads 4.14% against a $1,500,000 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation compiles into $414,422 by year five. Five-year ROI reaches 39.59% and total cumulative return in cash sums $192,431. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,175/mo property income covering a $7,342/mo payment, not borrower’s personal income.
Single Family
Built in 2000
3.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06612, Easton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,716 (100%) |
| Owner Occupied HU | 2,418 (89.0%) |
| Renter Occupied HU | 171 ( 6.3%) |
| Vacant Housing Units | 127 ( 4.7%) |
| Median Home Value | $753,796 |
| Average Home Value | $796,334 |
Housing Distribution
Address Breakdown
Residential
2,721
Single Family
2,721
Multi-Family
0
Businesses
113
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Listed by: Jennifer Lockwood • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24113791