96 Sherman RoadNew MilfordCT06776
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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 New Milford at 96 Sherman Road, New Milford, CT, 06776 priced at $499,000 pairs $4,984/mo rent with $1,594/mo cash flow after a $2,442/mo payment. Total monthly income equals $4,984/mo, and annual cash flow comes to $19,127/yr on $165,419 invested. Return on cash invested is 31.47% in year one, and rental yield stands at 11.99% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 165.63% and total cumulative return in cash reaches $273,978. For financing, Ziffy Mortgage’s DSCR program evaluates $4,984/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
4.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
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Nearby investment properties with comparable prices
Listed by: MADONNA & PHILLIPS TEAM AT WILLIAM PITT SOTHEBYS INTERNATIONAL REALTY • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24110935