44 Mill Pond CircleGrotonCT06340
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Groton at 44 Mill Pond Circle, Groton, CT, 06340 offers $3,308/mo rent that, after a $2,827/mo payment. Total monthly income is $3,308/mo. Return on cash invested measures 16.17% in year one, and rental yield stands at 6.87% at a $577,500 entry. Equity gained on principal adds $3,727/yr while 5% annual appreciation compounds into $159,553 by year five. Five-year ROI records 83.55% and total cumulative return in cash reaches $158,752. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,308/mo property income versus a $2,827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
3.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Switz • Switz Real Estate Associates
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24114990
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.