106 Oakwood RoadNianticCT06357
INVESTMENT ANALYSIS
Investment Verdict
Solid Income106 Oakwood Road, Niantic, CT, 06357 in Niantic carries a 1.51 coverage ratio, rent of $3,120/mo is 1.51 times the $2,068/mo payment. Rental yield 8.14%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $459,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $127,062; total projected cumulative return: $175,319.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.0% |
| Monthly Cash Flow | $(34) | $300 |
City averages based on Niantic market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,120 |
| Total Monthly Debt Service | $2,942 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2000
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
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
Single Family
Built in 2000
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24162439