245 Reardon RoadNorth GrosvenordaleCT06255
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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 North Grosvenordale at 245 Reardon Road, North Grosvenordale, CT, 06255 with 5% annual appreciation on a $275,000 basis while $2,532/mo rent supports operations. Total monthly income totals $2,532/mo and a $1,346/mo payment preserves $664/mo for cash returns. Annual cash flow comes to $7,962/yr on $91,163 deployed, and return on cash invested reaches 28.64% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 11.05%. Five-year ROI measures 150.49% and total cumulative return in cash totals $137,195.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,532/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1936
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06255, North Grosvenordale, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,220 (100%) |
| Owner Occupied HU | 1,584 (71.4%) |
| Renter Occupied HU | 510 (23.0%) |
| Vacant Housing Units | 126 ( 5.7%) |
| Median Home Value | $371,078 |
| Average Home Value | $471,676 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,462
Multi-Family
28
Businesses
77
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Listed by: Tianna Wallace • First Choice Realty
Mls Name: Smart MLS
Mls ID: #24125221