1290 North Rd LOT 232GrotonCT06340
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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
Investment property for sale in Groton at 1290 North Rd LOT 232, Groton, CT, 06340 offers a 10.7% rental yield on a $105,000 purchase with $936/mo rent. Total monthly income registers $936/mo, and a $514/mo payment leaves $223/mo available for distribution. Annual cash flow reaches $2,670/yr on $34,808 to close, and return on cash invested stands at 27.58% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 144.87% and total cumulative return in cash at $50,426. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $936/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2023
N/A 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
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Listed by: Diane M. Contino • RE/MAX Realty Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079242
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.