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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in New London at 21 Westridge Rd, New London, CT, 06320 uses $99,417 cash to close to unlock $5,630/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $2,507/mo, and a $1,468/mo payment keeps the spread at $469/mo. Purchase price stands at $299,900, and rental yield measures 10.03% with $2,507/mo rent. Return on cash invested shows 25.57% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 134.06% and total cumulative return in cash records $133,276. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,507/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1957
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06320, New London, CT area.
| 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 |
Residential
11,305
Single Family
9,237
Multi-Family
2,068
Businesses
1,322
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Listed for sale | $299,900 |
| 2024-10-10 | Listing removed | $299,900 |
| 2024-10-09 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $3879.00 | -0.18% | $104,160 | N/A |
| 2022-10-15 | $3886.00 | -1.69% | $104,160 | N/A |
| 2021-10-15 | $3953.00 | -0.63% | $104,160 | N/A |
What's Special
None
Listed by: Kervin D. Figaro • Five Stars Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24053006
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.
