Lot 3 Mount Sanford RoadCheshireCT06410
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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 Cheshire at Lot 3 Mount Sanford Road, Cheshire, CT, 06410 priced at $825,000 converts $2,401/mo rent into after a $4,038/mo obligation. Total monthly income equals $2,401/mo. Return on cash invested prints 5.89% in year one, and rental yield reads 3.49% against a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation compiles into $227,932 by year five. Five-year ROI reaches 28.45% and total cumulative return in cash sums $77,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,401/mo property income covering a $4,038/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
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Listed by: Melanie B. Ricci • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24113629