12 Burgess PlaceGrotonCT06340
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
Investment property for sale in Groton at 12 Burgess Place, Groton, CT, 06340 uses $122,655 cash to close to unlock $1,464/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $2,636/mo, and a $1,811/mo payment keeps the spread at $122/mo. Purchase price stands at $370,000, and rental yield measures 8.55% with $2,636/mo rent. Return on cash invested shows 21.1% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 110.03% and total cumulative return in cash records $134,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,636/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 1958
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06340, Groton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,385 (100%) |
| Owner Occupied HU | 5,380 (37.4%) |
| Renter Occupied HU | 7,220 (50.2%) |
| Vacant Housing Units | 1,785 (12.4%) |
| Median Home Value | $326,691 |
| Average Home Value | $429,967 |
Housing Distribution
Address Breakdown
Residential
13,000
Single Family
10,143
Multi-Family
2,857
Businesses
869
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Malerba • eXp Realty
Mls Name: Smart MLS
Mls ID: #24117657