172 D StreetGrotonCT06340
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
Rental property for sale in Groton at 172 D Street, Groton, CT, 06340 priced at $159,900 converts $1,243/mo rent into $156/mo cash flow after a $783/mo obligation. Total monthly income equals $1,243/mo, and annual cash flow totals $1,874/yr on $53,007 invested. Return on cash invested prints 23.44% in year one, and rental yield reads 9.33% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 122.69% and total cumulative return in cash sums $65,034. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,243/mo property income covering a $783/mo payment, not borrower’s personal income.
Manufactured
Built in 1986
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane M. Contino • RE/MAX Realty Group
Mls Name: Smart MLS
Mls ID: #24135920