24 Michael AvenueGriswoldCT06351
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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 Griswold at 24 Michael Avenue, Griswold, CT, 06351 uses $43,095 cash to close to unlock $17,376/yr annual cash flow and $1,448/mo monthly cash flow. Total monthly income runs $2,369/mo, and a $636/mo payment keeps the spread at $1,448/mo. Purchase price stands at $130,000, and rental yield measures 21.87% with $2,369/mo rent. Return on cash invested shows 60.23% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 320.37% and total cumulative return in cash records $138,063. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,369/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1957
5,227 sqft lot
$N/A/sqft
$28 annually 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: Denise Robillard • Continental Realty Associates
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24131257
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.