90 Midway OvalGrotonCT06340
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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 90 Midway Oval, Groton, CT, 06340 generates $3,058/mo in rent and, after a $1,835/mo payment, leaves $511/mo in cash flow. Total monthly income is $3,058/mo, and annual cash flow is $6,128/yr on $124,279 invested. Return on cash invested sits at 24.84% in year one, and rental yield is 9.79% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 130.08% and total cumulative return in cash sums $161,659. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,058/mo property income rather than buyer’s personal income.
Multi Family
Built in 1942
9,583 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: Renee Sandoval • Ann McBride Real Estate
Mls Name: Smart MLS
Mls ID: #24143660