748 Plainfield PikeSterlingCT06377
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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 Sterling at 748 Plainfield Pike, Sterling, CT, 06377 with 5% annual appreciation on a $150,000 basis while $1,131/mo rent supports operations. Total monthly income totals $1,131/mo and a $734/mo payment preserves $112/mo for cash returns. Annual cash flow comes to $1,344/yr on $49,725 deployed, and return on cash invested reaches 22.61% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.05%. Five-year ROI measures 118.14% and total cumulative return in cash totals $58,746.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,131/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1742
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06377, Sterling, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,185 (100%) |
| Owner Occupied HU | 946 (79.8%) |
| Renter Occupied HU | 186 (15.7%) |
| Vacant Housing Units | 53 ( 4.5%) |
| Median Home Value | $342,810 |
| Average Home Value | $360,114 |
Housing Distribution
Address Breakdown
Residential
968
Single Family
968
Multi-Family
0
Businesses
44
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Listed by: Cary A. Marcoux • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24114464