53 Norman RoadGriswoldCT06351
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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 53 Norman Road, Griswold, CT, 06351 earns $121/mo cash flow from $3,172/mo rent with a $2,198/mo payment. Total monthly income totals $3,172/mo, and annual cash flow totals $1,451/yr on $148,844 capital. ROI tracks 20.88% on current figures, and rental yield reads 8.48% at a $449,000 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 over five years. Five-year ROI reaches 108.86% and total cumulative return in cash sums $162,028. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,172/mo property income instead of your personal income.
Single Family
Built in 2003
1.54 Acres 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: Samantha L. Storey • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls ID: #24151254