20 Providence New London Turnpike Lot 19North StoningtonCT06359
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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 North Stonington at 20 Providence New London Turnpike Lot 19, North Stonington, CT, 06359 earns $79/mo cash flow from $758/mo rent with a $489/mo payment. Total monthly income totals $758/mo, and annual cash flow totals $948/yr on $33,150 capital. ROI tracks 22.77% on current figures, and rental yield reads 9.1% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 118.96% and total cumulative return in cash sums $39,436. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $758/mo property income instead of your personal income.
Manufactured
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06359, North Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,297 (100%) |
| Owner Occupied HU | 1,864 (81.1%) |
| Renter Occupied HU | 221 ( 9.6%) |
| Vacant Housing Units | 212 ( 9.2%) |
| Median Home Value | $413,212 |
| Average Home Value | $451,664 |
Housing Distribution
Address Breakdown
Residential
2,111
Single Family
2,111
Multi-Family
0
Businesses
120
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Listed by: Liz Andersen Warner • RE/MAX South County
Mls Name: Smart MLS
Mls ID: #24130212