16 Pacific StreetNew LondonCT06320
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in New London at 16 Pacific Street, New London, CT, 06320 at $424,900 posts ROI 19.95% with $5/mo cash flow from $2,892/mo rent. Total monthly income equals $2,892/mo, and annual cash flow records $56/yr on $140,854 to close. Return on cash invested measures 19.95% and rental yield reads 8.17% at the current $424,900. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,392 by year five. Five-year ROI prints 103.85% and total cumulative return in cash totals $146,277.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,892/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1870
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06320, New London, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,305
Single Family
9,237
Multi-Family
2,068
Businesses
1,322
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Listed by: Stephanie Hughes • eXp Realty
Mls Name: Smart MLS
Mls ID: #24138928