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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% |
Investment property for sale in Niantic at 128 Flanders Rd, Niantic, CT, 06357 offers a 7.64% rental yield on a $489,900 purchase with $3,120/mo rent. 37% in year one. Equity gained on principal adds $3,161/yr while 5% annual appreciation supports $135,350 over five years. Portfolio math shows five-year ROI at 95.37% and total cumulative return in cash at $154,889. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
| 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 |
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $489,900 |
| 2018-05-18 | Sold | $264,000 |
| 2018-03-27 | Pending sale | $264,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-23 | $6681.00 | 5.91% | $253,540 | N/A |
| 2023-03-23 | $6308.00 | 4.37% | $253,540 | N/A |
| 2022-03-23 | $6044.00 | -4.15% | $253,540 | 14.62% |
What's Special
Storage,Pull Down Stairs
Listed by: Nina M. Beebe • RE/MAX on the Bay
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081235
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.
