118 Vauxhall StreetNew LondonCT06320
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
Investment Highlights
Rental property for sale in New London at 118 Vauxhall Street, New London, CT, 06320 priced at $422,000 pairs $2,372/mo rent with after a $2,065/mo payment. Total monthly income equals $2,372/mo. Return on cash invested is 15.66% in year one, and rental yield stands at 6.75% on a $422,000 basis. Equity gained on principal adds $2,723/yr, and 5% annual appreciation accumulates to $116,591 by year five. Five-year ROI measures 80.9% and total cumulative return in cash reaches $113,171. For financing, Ziffy Mortgage’s DSCR program evaluates $2,372/mo property income against a $2,065/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracee Adams • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24120138
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.