58 Plymouth Avenue SouthGrotonCT06340
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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
Rental property for sale in Groton at 58 Plymouth Avenue South, Groton, CT, 06340 priced at $339,900 pairs $2,897/mo rent with $587/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,897/mo, and annual cash flow comes to $7,046/yr on $112,677 invested. Return on cash invested is 26.16% in year one, and rental yield stands at 10.23% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 137.19% and total cumulative return in cash reaches $154,583. For financing, Ziffy Mortgage’s DSCR program evaluates $2,897/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
10,454 sqft 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: Kerie L. Choiniere • Venture Real Estate, Inc.
Mls Name: Smart MLS
Mls ID: #24138759