41 South Main Street #51GriswoldCT06351
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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 41 South Main Street #51, Griswold, CT, 06351 uses $74,886 cash to close to unlock $129/yr annual cash flow and $11/mo monthly cash flow. Total monthly income runs $1,546/mo, and a $1,106/mo payment keeps the spread at $11/mo. Purchase price stands at $225,900, and rental yield measures 8.21% with $1,546/mo rent. Return on cash invested shows 20.08% in year one, and 5% annual appreciation builds toward $62,412 over five years. Five-year ROI reaches 104.56% and total cumulative return in cash records $78,303. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,546/mo property income covering a $1,106/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No 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: Kristin A Davis • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24151518