2 Coit Street APT 1, New London, CT, 06320 | $575/mo Cash Flow

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2 Coit Street APT 1, New London, CT, 06320 | $575/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New London at 2 Coit Street APT 1, New London, CT, 06320 with 5% annual appreciation on a $215,000 basis while $2,035/mo rent supports operations. Total monthly income totals $2,035/mo and a $1,052/mo payment preserves $575/mo for cash returns. Annual cash flow comes to $6,894/yr on $71,273 deployed, and return on cash invested reaches 29.58% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 11.36%. Five-year ROI measures 155.52% and total cumulative return in cash totals $110,845.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,035/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1870

N/A lot

$N/A/sqft

No HOA

More details about the property

This basement 2 bedroom with 2 full bathrooms was completely renovated 3 years ago. This unit has over 1,100 square feet. Washer/dryer in the unit. Off street parking. Pictures taken prior to tenant moving in.

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