18 Griffith RoadRiversideCT06878
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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 Riverside at 18 Griffith Road, Riverside, CT, 06878 generates $4,899/mo in rent, after a $6,950/mo payment. Total monthly income is $4,899/mo. Return on cash invested sits at 7.98% in year one, and rental yield is 4.14% on a $1,420,000 entry. Equity gained on principal adds $9,163/yr, while 5% annual appreciation builds toward $392,320 over five years. Five-year ROI reaches 39.6% and total cumulative return in cash sums $182,195. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,899/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06878, Riverside, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,914 (100%) |
| Owner Occupied HU | 2,196 (75.4%) |
| Renter Occupied HU | 565 (19.4%) |
| Vacant Housing Units | 153 ( 5.3%) |
| Median Home Value | $1,682,281 |
| Average Home Value | $1,611,898 |
Housing Distribution
Address Breakdown
Residential
2,861
Single Family
2,728
Multi-Family
133
Businesses
270
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Listed by: Catherine Aaron • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24148843
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.