15 Freedom Way #40NianticCT06357
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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 #40, Niantic, CT, 06357 generates $1,368/mo in rent and, after a $857/mo payment, leaves $67/mo in cash flow. Total monthly income is $1,368/mo, and annual cash flow is $798/yr on $58,013 invested. Return on cash invested sits at 21.28% in year one, and rental yield is 9.38% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 111.9% and total cumulative return in cash sums $64,915. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,368/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$112 monthly 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 Provider:
Mls ID: #24104650
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.