33 Russell St APT 4GriswoldCT06351
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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 Griswold at 33 Russell St APT 4, Griswold, CT, 06351 listed at $189,900 pairs $1,735/mo rent with a $929/mo payment to leave $95/mo cash flow. Total monthly income runs $1,735/mo, and annual cash flow reaches $1,142/yr on $62,952 cash to close. Return on cash invested measures 21.72% in year one, and rental yield registers 10.96% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 115.87% and total cumulative return in cash totals $72,941. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,735/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1977
N/A lot
$N/A/sqft
$350 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,841
Single Family
6,654
Multi-Family
187
Businesses
268
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Listed by: Akenmisire Musa • The Agency
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24091051
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.