364 Grindstone Hill RoadNorth StoningtonCT06359
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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 North Stonington at 364 Grindstone Hill Road, North Stonington, CT, 06359 offers a 7.15% rental yield on a $695,000 purchase with $4,141/mo rent. 01% in year one. Equity gained on principal adds $4,485/yr while 5% annual appreciation supports $192,016 over five years. Portfolio math shows five-year ROI at 88.06% and total cumulative return in cash at $201,354. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,141/mo property income against a $3,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
4.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06359, North Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,297 (100%) |
| Owner Occupied HU | 1,864 (81.1%) |
| Renter Occupied HU | 221 ( 9.6%) |
| Vacant Housing Units | 212 ( 9.2%) |
| Median Home Value | $413,212 |
| Average Home Value | $451,664 |
Housing Distribution
Address Breakdown
Residential
2,111
Single Family
2,111
Multi-Family
0
Businesses
120
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Listed by: Kassi Mazzucco • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103704
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.