32 Pamela AvenueGrotonCT06340
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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 32 Pamela Avenue, Groton, CT, 06340 priced at $375,000 pairs $3,217/mo rent with $670/mo cash flow after a $1,835/mo payment. Total monthly income equals $3,217/mo, and annual cash flow comes to $8,034/yr on $124,313 invested. Return on cash invested is 26.37% in year one, and rental yield stands at 10.29% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 138.31% and total cumulative return in cash reaches $171,939. For financing, Ziffy Mortgage’s DSCR program evaluates $3,217/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.27 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: Ferdinand J. Giacinto • RE/MAX on the Bay
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24128584
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.