262 Shetucket TurnpikeGriswoldCT06351
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 Griswold at 262 Shetucket Turnpike, Griswold, CT, 06351 priced at $149,900 converts $1,159/mo rent into $140/mo cash flow after a $734/mo obligation. Total monthly income equals $1,159/mo, and annual cash flow totals $1,682/yr on $49,692 invested. Return on cash invested prints 23.29% in year one, and rental yield reads 9.28% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 121.9% and total cumulative return in cash sums $60,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,159/mo property income covering a $734/mo payment, not borrower’s personal income.
Manufactured
Built in 2012
2,178 sqft 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: Carrie Russin • Lamacchia Realty
Mls Name: Smart MLS
Mls ID: #24139339