245 Norwich New London Turnpike #19MontvilleCT06382
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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
Rental property for sale in Montville at 245 Norwich New London Turnpike #19, Montville, CT, 06382 generates $2,400/mo in rent, after a $2,075/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 13.88% in year one, and rental yield is 6.79% on a $424,000 entry. Equity gained on principal adds $2,736/yr, while 5% annual appreciation builds toward $117,143 over five years. Five-year ROI reaches 72.04% and total cumulative return in cash sums $101,259. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06382, Uncasville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,385 (100%) |
| Owner Occupied HU | 3,149 (71.8%) |
| Renter Occupied HU | 950 (21.7%) |
| Vacant Housing Units | 286 ( 6.5%) |
| Median Home Value | $277,507 |
| Average Home Value | $324,269 |
Housing Distribution
Address Breakdown
Residential
4,164
Single Family
4,090
Multi-Family
74
Businesses
264
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Listed by: Andrew O'Reilly • Seaport Real Estate Services
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24100218
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.