288 Benham RoadGrotonCT06340
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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 288 Benham Road, Groton, CT, 06340 priced at $549,900 pairs $4,390/mo rent with $654/mo cash flow after a $2,691/mo payment. Total monthly income equals $4,390/mo, and annual cash flow comes to $7,850/yr on $180,917 invested. Return on cash invested is 24.4% in year one, and rental yield stands at 9.58% on a $549,900 basis. Equity gained on principal adds $3,548/yr, and 5% annual appreciation accumulates to $151,927 by year five. Five-year ROI measures 127.71% and total cumulative return in cash reaches $231,050. For financing, Ziffy Mortgage’s DSCR program evaluates $4,390/mo property income against a $2,691/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
0.52 Acres 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: Sherry Borgeson • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24109711