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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 New London at 15 Cedar Grove Ave, New London, CT, 06320 at $350,000 posts ROI 19.62% with from $2,350/mo rent. Total monthly income equals $2,350/mo. Return on cash invested measures 19.62% and rental yield reads 8.06% at the current $350,000. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 by year five. Five-year ROI prints 102.06% and total cumulative return in cash totals $118,418. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,350/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.27 Acres 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 |
|---|---|---|
| 2025-04-21 | Listed for sale | $350,000 |
| 2023-06-14 | Sold | $236,000 |
| 2023-05-30 | Contingent | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $4331.00 | 21.28% | $157,500 | 64.23% |
| 2023-04-23 | $3571.00 | -0.20% | $95,900 | N/A |
| 2022-04-23 | $3578.00 | -1.68% | $95,900 | N/A |
What's Special
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Listed by: Vogel Team At William Raveis Real Estate • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089230
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.
