147 Preston RoadGriswoldCT06351
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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 Griswold at 147 Preston Road, Griswold, CT, 06351 priced at $394,000 pairs $1,710/mo rent with after a $1,928/mo payment. Total monthly income equals $1,710/mo. Return on cash invested is 11.03% in year one, and rental yield stands at 5.21% on a $394,000 basis. Equity gained on principal adds $2,542/yr, and 5% annual appreciation accumulates to $108,855 by year five. Five-year ROI measures 56.03% and total cumulative return in cash reaches $73,180. For financing, Ziffy Mortgage’s DSCR program evaluates $1,710/mo property income against a $1,928/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.82 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: Derek Greene • Derek Greene
Mls Name: Smart MLS
Mls ID: #24123858