87 Gay StreetSharonCT06069
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 Sharon at 87 Gay Street, Sharon, CT, 06069 offers a 10.24% rental yield on a $555,000 purchase with $4,736/mo rent. Total monthly income registers $4,736/mo, and a $2,716/mo payment leaves $966/mo available for distribution. Annual cash flow reaches $11,586/yr on $182,595 to close, and return on cash invested stands at 26.41% in year one. Equity gained on principal adds $3,581/yr while 5% annual appreciation supports $153,336 over five years. Portfolio math shows five-year ROI at 138.45% and total cumulative return in cash at $252,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,736/mo property income against a $2,716/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
1.10 Acres 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: Chris Garrity • Bain Real Estate
Mls Name: Smart MLS
Mls ID: #24109050