97 Cranston AveSheltonCT06484
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 97 Cranston Ave, Shelton, CT, 06484 in Shelton. At $510,000 it earns $3,905/mo in rent and distributes $440/mo to the owner after the $2,293/mo payment, a consistent 9.19% yield. DSCR 1.70 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $140,904 in value; $4,697/yr in principal paydown compounds ownership stake. Total projected return: $223,043.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.5% |
| Monthly Cash Flow | $440 | $350 |
City averages based on Shelton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,905 |
| Total Monthly Debt Service | $3,262 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1988
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
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
Single Family
Built in 1988
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jane Walters Home Team • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093928
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.