136 Meridian Street #110GrotonCT06340
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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 Groton at 136 Meridian Street #110, Groton, CT, 06340 generates $2,288/mo in rent and, after a $1,272/mo payment, leaves $522/mo in cash flow. Total monthly income is $2,288/mo, and annual cash flow is $6,266/yr on $86,157 invested. Return on cash invested sits at 27.18% in year one, and rental yield is 10.56% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 142.69% and total cumulative return in cash sums $122,938. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,288/mo property income rather than buyer’s personal income.
Condo
Built in 2005
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: Joe Simmons • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24141784