11 Borodell PlNew LondonCT06320
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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
Investment property for sale in New London at 11 Borodell Pl, New London, CT, 06320 uses $56,355 cash to close to unlock $1,281/yr annual cash flow and $107/mo monthly cash flow. Total monthly income runs $1,315/mo, and a $832/mo payment keeps the spread at $107/mo. Purchase price stands at $169,999, and rental yield measures 9.28% with $1,315/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 116.26% and total cumulative return in cash records $65,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,315/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06320, New London, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,582 (100%) |
| Owner Occupied HU | 4,019 (31.9%) |
| Renter Occupied HU | 7,156 (56.9%) |
| Vacant Housing Units | 1,407 (11.2%) |
| Median Home Value | $291,296 |
| Average Home Value | $336,354 |
Housing Distribution
Address Breakdown
Residential
11,305
Single Family
9,237
Multi-Family
2,068
Businesses
1,322
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Listed by: Dillon Cass • eRealty Advisors, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24084070
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.