10 Lisa Avenue, Griswold, CT, 06351 | 6.84% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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10 Lisa Avenue, Griswold, CT, 06351 | 6.84% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Griswold at 10 Lisa Avenue, Griswold, CT, 06351 priced at $299,999 converts $1,710/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,710/mo. Return on cash invested prints 15.95% in year one, and rental yield reads 6.84% against a $299,999 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 82.4% and total cumulative return in cash sums $81,948. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,710/mo property income covering a $1,468/mo payment, not borrower’s personal income.

Single Family

Built in 1974

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this sweet and well-maintained 3-bedroom, 1-bath ranch offering comfort, privacy, and exceptional value. Nestled at the end of a peaceful cul-de-sac, this 960 sq ft home is perfect for those seeking a cozy property in a convenient location. Inside, you'll find a warm and inviting living space filled with natural light, a functional eat-in kitchen, and nicely sized bedrooms. The single-level layout offers easy living, while the full basement provides additional storage or potential for future finishing. Step outside to enjoy a level yard surrounded by mature trees-ideal for relaxing, gardening, or entertaining. With easy access to local schools, shops, and highways, this home offers a wonderful blend of comfort, privacy, and practicality. Whether you're a first-time home owner, downsizing, or looking for a solid investment, this property is a fantastic opportunity to own a home in Griswold.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06351, Jewett City, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,900 (100%)
Owner Occupied HU	4,952 (71.8%)
Renter Occupied HU	1,496 (21.7%)
Vacant Housing Units	452 ( 6.6%)
Median Home Value	$331,876
Average Home Value	$371,175