15 Freedom Way #22NianticCT06357
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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
Investment Highlights
Rental property for sale in Niantic at 15 Freedom Way #22, Niantic, CT, 06357 generates $3,954/mo in rent and, after a $1,957/mo payment, leaves $1,237/mo in cash flow. Total monthly income is $3,954/mo, and annual cash flow is $14,846/yr on $132,567 invested. Return on cash invested sits at 31.11% in year one, and rental yield is 11.86% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 163.71% and total cumulative return in cash sums $217,028. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,954/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
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Listed by: Marilyn Lusher • RE/MAX Legends
Mls Name: Smart MLS
Mls ID: #24148544