298 West Thompson 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 298 West Thompson Road, North Grosvenordale, CT, 06255 offers a 4.8% rental yield on a $509,900 purchase with $2,040/mo rent. 87% in year one. Equity gained on principal adds $3,290/yr while 5% annual appreciation supports $140,876 over five years. Portfolio math shows five-year ROI at 49.78% and total cumulative return in cash at $83,516. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $2,496/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5.60 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: Jared Meehan • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24120636