123 Geer RoadGriswoldCT06351
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 Griswold at 123 Geer Road, Griswold, CT, 06351 earns $1,069/mo cash flow from $3,481/mo rent with a $1,738/mo payment. Total monthly income totals $3,481/mo, and annual cash flow totals $12,822/yr on $117,683 capital. ROI tracks 30.8% on current figures, and rental yield reads 11.77% at a $355,000 purchase. Equity gained on principal adds $2,291/yr, and 5% annual appreciation supports $98,080 over five years. Five-year ROI reaches 162.08% and total cumulative return in cash sums $190,740. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,481/mo property income instead of your personal income.
Single Family
Built in 1961
1.51 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,841
Single Family
6,654
Multi-Family
187
Businesses
268
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Listed by: Scott Pellerin • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103284
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.