37 North RdEast GranbyCT06026
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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 East Granby at 37 North Rd, East Granby, CT, 06026 generates $3,563/mo in rent and, after a $1,810/mo payment, leaves $1,050/mo in cash flow. Total monthly income is $3,563/mo, and annual cash flow is $12,602/yr on $122,622 invested. Return on cash invested sits at 30.19% in year one, and rental yield is 11.56% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 158.78% and total cumulative return in cash sums $194,698. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,563/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06026, East Granby, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,140 (100%) |
| Owner Occupied HU | 1,726 (80.7%) |
| Renter Occupied HU | 323 (15.1%) |
| Vacant Housing Units | 91 ( 4.3%) |
| Median Home Value | $396,909 |
| Average Home Value | $450,839 |
Housing Distribution
Address Breakdown
Residential
2,092
Single Family
2,092
Multi-Family
0
Businesses
254
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Listed by: Todd Zessin • Merrigan & Lefebvre Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081876
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.