127 Black Point Road APT 7, Niantic, CT, 06357 | $462/mo Cash Flow

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127 Black Point Road APT 7, Niantic, CT, 06357 | $462/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Niantic at 127 Black Point Road APT 7, Niantic, CT, 06357 uses $82,842 cash to close to unlock $5,546/yr annual cash flow and $462/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,223/mo payment keeps the spread at $462/mo. Purchase price stands at $249,900, and rental yield measures 10.37% with $2,160/mo rent. Return on cash invested shows 26.6% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 139.6% and total cumulative return in cash records $115,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,223/mo payment rather than investor’s personal income.

Condo

Built in 1971

N/A lot

$N/A/sqft

No HOA

More details about the property

Walk or bike to Crescent beach and downtown Niantic from this conveniently located 2 bedroom, 1.5 bath condo in Black Point Farms! Association amenities include tennis and basketball court, onsite laundry facilities, and assigned parking with additional guest parking. A great alternative to renting, with potential future use as a rental property. Unit is currently rented to tenant in good standing until the end of March. Please take note that pictures were taken prior to tenant occupancy. Unit will be furnished/occupied for showings. Please be respectful.

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