33 Russell St APT 6GriswoldCT06351
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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 Griswold at 33 Russell St APT 6, Griswold, CT, 06351 offers $1,289/mo rent that, after a $827/mo payment. Total monthly income is $1,289/mo. Return on cash invested measures 15.75% in year one, and rental yield stands at 9.15% at a $169,000 entry. Equity gained on principal adds $1,091/yr while 5% annual appreciation compounds into $46,692 by year five. Five-year ROI records 83.93% and total cumulative return in cash reaches $47,023. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,289/mo property income versus a $827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
$335 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: The Jay and Carol Kelly Team at William Raveis Real Estate • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081827
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.