27 West StreetNew LondonCT06320
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New London at 27 West Street, New London, CT, 06320 priced at $229,800 pairs $1,576/mo rent with $14/mo cash flow after a $1,125/mo payment. Total monthly income equals $1,576/mo, and annual cash flow comes to $173/yr on $76,179 invested. Return on cash invested is 20.14% in year one, and rental yield stands at 8.23% on a $229,800 basis. Equity gained on principal adds $1,483/yr, and 5% annual appreciation accumulates to $63,490 by year five. Five-year ROI measures 104.87% and total cumulative return in cash reaches $79,888. For financing, Ziffy Mortgage’s DSCR program evaluates $1,576/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
6,534 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BJ Lee • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24141841