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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Niantic at 10 Methodist St, Niantic, CT, 06357 priced at $350,000 converts $3,236/mo rent into $858/mo cash flow after a $1,713/mo obligation. Total monthly income equals $3,236/mo, and annual cash flow totals $10,296/yr on $116,025 invested. Return on cash invested prints 28.78% in year one, and rental yield reads 11.09% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 151.2% and total cumulative return in cash sums $175,430. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,236/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1952
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,030 (100%) |
| Owner Occupied HU | 3,800 (63.0%) |
| Renter Occupied HU | 1,172 (19.4%) |
| Vacant Housing Units | 1,058 (17.5%) |
| Median Home Value | $408,576 |
| Average Home Value | $487,963 |
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
Date | Event | Price |
|---|---|---|
| 2025-04-27 | Listed for sale | $350,000 |
| 2021-01-15 | Listing removed | N/A |
| 2020-12-20 | Listed for rent | $1,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $3600.00 | 5.88% | $136,640 | N/A |
| 2023-04-30 | $3400.00 | 4.39% | $136,640 | N/A |
| 2022-04-30 | $3257.00 | -4.01% | $136,640 | 14.82% |
What's Special
Access Via Hatch
Listed by: THE WYETH TEAM AT WILLIAM PITT SOTHEBYS INTERNATIONAL REALTY • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079839
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.
