73 Old Farm RdGrotonCT06340
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 73 Old Farm Rd, Groton, CT, 06340 uses $91,163 cash to close to unlock $4,974/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $2,283/mo, and a $1,346/mo payment keeps the spread at $415/mo. Purchase price stands at $275,000, and rental yield measures 9.96% with $2,283/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 132.92% and total cumulative return in cash records $121,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,283/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.32 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: GREG BROADBENT TEAM • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24072390
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.