80 Sheldon Rd LOT 28GriswoldCT06351
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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 Griswold at 80 Sheldon Rd LOT 28, Griswold, CT, 06351 priced at $164,000 converts $1,494/mo rent into after a $803/mo obligation. Total monthly income equals $1,494/mo. Return on cash invested prints 14.6% in year one, and rental yield reads 10.93% against a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,310 by year five. Five-year ROI reaches 80.14% and total cumulative return in cash sums $43,569. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,494/mo property income covering a $803/mo payment, not borrower’s personal income.
Manufactured
Built in 1982
N/A lot
$N/A/sqft
$620 monthly 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: Ishanna Codd • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24076444
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.