31 Uncas Drive, Griswold, CT, 06351 | 8% Rental Yield

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31 Uncas Drive, Griswold, CT, 06351 | 8% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Griswold at 31 Uncas Drive, Griswold, CT, 06351 priced at $225,000 pairs $1,500/mo rent with after a $1,101/mo payment. Total monthly income equals $1,500/mo. Return on cash invested is 19.45% in year one, and rental yield stands at 8% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 101.19% and total cumulative return in cash reaches $75,477. For financing, Ziffy Mortgage’s DSCR program evaluates $1,500/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1975

0.58 Acres lot

$N/A/sqft

No HOA

More details about the property

CALLING ALL INVESTORS!!!Welcome to this 3-bedroom, 1-bath raised ranch set on over half an acre on a level lot in a desirable Griswold subdivision. The main level offers a bright and comfortable layout, including a spacious living area, three bedrooms, and a fireplace. Kitchen and dining area leads out to an addition sunroom. The lower level provides a flexible bonus room with an additional fireplace that can serve as a family room, playroom, or guest space, along with access to an under-house one-car garage for parking and extra storage. Enjoy the peaceful setting while still benefiting from quick access to I-395 for easy commuting. This is a wonderful opportunity for some sweat equity bringing this charming raised ranch up to 2025 standards. Home needs updates throughout, mostly cosmetic. SELLING "AS IS". SELLER TO DO NO REPAIRS OR CLEAN OUTS.

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