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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 New London at 11 Colman St, New London, CT, 06320 priced at $259,900 converts $1,752/mo rent into after a $1,272/mo obligation. Total monthly income equals $1,752/mo. Return on cash invested prints 19.72% in year one, and rental yield reads 8.09% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 102.63% and total cumulative return in cash sums $88,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,752/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1890
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06320, New London, CT area.
| 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 |
Residential
11,305
Single Family
9,237
Multi-Family
2,068
Businesses
1,322
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11561268
