8 Sherwood Street #5-1BMansfieldCT06268
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.60 makes 8 Sherwood Street #5-1B, Mansfield, CT, 06268 in Mansfield one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.13%. The 9.13% yield, 5% annual appreciation ($117,420 over five years), and $3,563/yr in principal reduction project a total cumulative return of $126,949.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $(481) | $350 |
City averages based on Mansfield market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,234 |
| Total Monthly Debt Service | $3,649 |
| 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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2016
N/A lot
$N/A/sqft
$827 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06268, Storrs Mansfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,614 (100%) |
| Owner Occupied HU | 2,028 (44.0%) |
| Renter Occupied HU | 2,071 (44.9%) |
| Vacant Housing Units | 515 (11.2%) |
| Median Home Value | $362,124 |
| Average Home Value | $387,401 |
Housing Distribution
Address Breakdown
Residential
4,325
Single Family
3,472
Multi-Family
853
Businesses
266
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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
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Listed by: Lindsey Niarhakos • RE/MAX One
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24167332
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.
