70 Prospect Hill RoadGrotonCT06340
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
Investment property for sale in Groton at 70 Prospect Hill Road, Groton, CT, 06340 with 5% annual appreciation on a $995,000 basis while $4,594/mo rent supports operations. 12% in year one. Equity gained on principal adds $6,421/yr, and five-year appreciation sums $274,900 alongside rental yield of 5.54%. Five-year ROI measures 61.83% and total cumulative return in cash totals $202,410. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,594/mo property income versus a $4,870/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.56 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: Judy Meucci • Willow Properties
Mls Name: Smart MLS
Mls ID: #24142561