292 Pequot Ave APT 2GNew LondonCT06320
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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 New London at 292 Pequot Ave APT 2G, New London, CT, 06320 uses $56,322 cash to close to unlock $2,222/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,795/mo, and a $832/mo payment keeps the spread at $185/mo. Purchase price stands at $169,900, and rental yield measures 12.68% with $1,795/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 128.39% and total cumulative return in cash records $72,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,795/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
$455 monthly 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
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Listed by: Marilyn Lusher • RE/MAX Legends
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24084911
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.