44 Grove StreetVernonCT06066
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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 Vernon at 44 Grove Street, Vernon, CT, 06066 earns $884/mo cash flow from $3,092/mo rent with a $1,591/mo payment. Total monthly income totals $3,092/mo, and annual cash flow totals $10,602/yr on $107,738 capital. ROI tracks 29.75% on current figures, and rental yield reads 11.42% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 156.41% and total cumulative return in cash sums $168,517. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,092/mo property income instead of your personal income.
Single Family
Built in 1830
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06066, Vernon Rockville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,982 (100%) |
| Owner Occupied HU | 7,577 (50.6%) |
| Renter Occupied HU | 6,605 (44.1%) |
| Vacant Housing Units | 800 ( 5.3%) |
| Median Home Value | $262,383 |
| Average Home Value | $287,679 |
Housing Distribution
Address Breakdown
Residential
14,517
Single Family
13,602
Multi-Family
915
Businesses
966
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Listed by: PHIL DAVIS • eXp Realty
Mls Name: Smart MLS
Mls ID: #24117073