41 Starr Hill RoadGrotonCT06340
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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 Groton at 41 Starr Hill Road, Groton, CT, 06340 uses $142,512 cash to close to unlock $1,202/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $3,021/mo, and a $2,104/mo payment keeps the spread at $100/mo. Purchase price stands at $429,900, and rental yield measures 8.43% with $3,021/mo rent. Return on cash invested shows 20.75% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 108.18% and total cumulative return in cash records $154,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,021/mo property income covering a $2,104/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06340, Groton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,385 (100%) |
| Owner Occupied HU | 5,380 (37.4%) |
| Renter Occupied HU | 7,220 (50.2%) |
| Vacant Housing Units | 1,785 (12.4%) |
| Median Home Value | $326,691 |
| Average Home Value | $429,967 |
Housing Distribution
Address Breakdown
Residential
13,000
Single Family
10,143
Multi-Family
2,857
Businesses
869
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Listed by: Next Level Team of RE/MAX One • RE/MAX One
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24106733
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.