7 Parker Ave APT 3GriswoldCT06351
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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 7 Parker Ave APT 3, Griswold, CT, 06351 offers a 12.23% rental yield on a $189,300 purchase with $1,930/mo rent. Total monthly income registers $1,930/mo, and a $927/mo payment leaves $643/mo available for distribution. Annual cash flow reaches $7,720/yr on $62,753 to close, and return on cash invested stands at 32.21% in year one. Equity gained on principal adds $1,222/yr while 5% annual appreciation supports $52,300 over five years. Portfolio math shows five-year ROI at 169.67% and total cumulative return in cash at $106,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,930/mo property income against a $927/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1970
N/A 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: N/A • N/A
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