Brinsmade LaneShermanCT06784
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
Rental property for sale in Sherman at Brinsmade Lane, Sherman, CT, 06784 offers $7,800/mo rent that, after a $9,050/mo payment. Total monthly income is $7,800/mo. Return on cash invested measures 10.83% in year one, and rental yield stands at 5.06% at a $1,849,000 entry. Equity gained on principal adds $11,931/yr while 5% annual appreciation compounds into $510,845 by year five. Five-year ROI records 54.86% and total cumulative return in cash reaches $328,667. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,800/mo property income versus a $9,050/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06784, Sherman, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,931 (100%) |
| Owner Occupied HU | 1,399 (72.4%) |
| Renter Occupied HU | 124 ( 6.4%) |
| Vacant Housing Units | 408 (21.1%) |
| Median Home Value | $657,151 |
| Average Home Value | $750,236 |
Housing Distribution
Address Breakdown
Residential
1,738
Single Family
1,738
Multi-Family
0
Businesses
96
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Nearby investment properties with comparable prices
Listed by: Ginny Gordon-O'Neill • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24135733