8 Upper Main Street #14SharonCT06069
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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 Sharon at 8 Upper Main Street #14, Sharon, CT, 06069 generates $2,648/mo in rent and, after a $1,512/mo payment, leaves $549/mo in cash flow. Total monthly income is $2,648/mo, and annual cash flow is $6,587/yr on $102,434 invested. Return on cash invested sits at 26.34% in year one, and rental yield is 10.28% on a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 138.12% and total cumulative return in cash sums $141,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,648/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06069, Sharon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,665 (100%) |
| Owner Occupied HU | 972 (58.4%) |
| Renter Occupied HU | 215 (12.9%) |
| Vacant Housing Units | 478 (28.7%) |
| Median Home Value | $681,111 |
| Average Home Value | $900,139 |
Housing Distribution
Address Breakdown
Residential
981
Single Family
981
Multi-Family
0
Businesses
163
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Listed by: David H. Pina • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24148744