275 Midway OvalGrotonCT06340
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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 Groton at 275 Midway Oval, Groton, CT, 06340 priced at $259,000 pairs $1,863/mo rent with $103/mo cash flow after a $1,268/mo payment. Total monthly income equals $1,863/mo, and annual cash flow comes to $1,235/yr on $85,859 invested. Return on cash invested is 21.35% in year one, and rental yield stands at 8.63% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 111.35% and total cumulative return in cash reaches $95,608. For financing, Ziffy Mortgage’s DSCR program evaluates $1,863/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1942
3,920 sqft 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
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Listed by: Renee Sandoval • Ann McBride Real Estate
Mls Name: Smart MLS
Mls ID: #24147190