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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Andover, CT
Listed for sale 1 day ago
$ 149,000
ROI
23.3
Cash Flow/m
149- 2 Bed
- 1 Bath
- 943 sft
277 lake Road, Andover, CT, 06232
$ 199,000
ROI
27.9Cash Flow/m
448- 2 Bed
- 1 Bath
- 942 sft
239 Lake Road, Andover, CT, 06232
$ 316,000
ROI
25.9Cash Flow/m
542- 3 Bed
- 1 Bath
- 1008 sft
39 Aspinall Drive, Andover, CT, 06232
$ 395,000
ROI
22.7Cash Flow/m
325- 4 Bed
- 2 Bath
- 1598 sft
112 Lake Road, Andover, CT, 06232
Why Invest in Andover, Connecticut?
Investing in Andover, CT, offers a unique opportunity, especially for properties under $500K. With a stable rental market, average rental yields typically hover around 6%, making it an attractive area for investors seeking solid returns. The region's historic charm combined with low vacancy rates creates an ideal environment for long-term growth.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average property prices in Andover, CT, are generally below $500K, making it an affordable option for first-time investors and homebuyers alike. This pricing allows for solid investment potential, particularly in rental properties.
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