3 Northwoods RoadNorth GranbyCT06060
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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 North Granby at 3 Northwoods Road, North Granby, CT, 06060 priced at $479,900 converts $4,258/mo rent into $926/mo cash flow after a $2,349/mo obligation. Total monthly income equals $4,258/mo, and annual cash flow totals $11,117/yr on $159,087 invested. Return on cash invested prints 26.9% in year one, and rental yield reads 10.65% against a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,588 by year five. Five-year ROI reaches 141.31% and total cumulative return in cash sums $224,805. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,258/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1985
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06060, North Granby, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 935 (100%) |
| Owner Occupied HU | 874 (93.5%) |
| Renter Occupied HU | 40 ( 4.3%) |
| Vacant Housing Units | 21 ( 2.2%) |
| Median Home Value | $471,910 |
| Average Home Value | $505,564 |
Housing Distribution
Address Breakdown
Residential
873
Single Family
873
Multi-Family
0
Businesses
19
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Listed by: Matt R. Christie • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24112286
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.