19 Hawthorne Drive #124New LondonCT06320
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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
Investment property for sale in New London at 19 Hawthorne Drive #124, New London, CT, 06320 listed at $250,000 pairs $2,016/mo rent with a $1,224/mo payment to leave $22/mo cash flow. Total monthly income runs $2,016/mo, and annual cash flow reaches $264/yr on $82,875 cash to close. Return on cash invested measures 20.23% in year one, and rental yield registers 9.68% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 106.89% and total cumulative return in cash totals $88,582. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,016/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
N/A lot
$N/A/sqft
$295 monthly 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: Marilyn Lusher • RE/MAX Legends
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098933
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.