3 Acorn DriveNianticCT06357
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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 Niantic at 3 Acorn Drive, Niantic, CT, 06357 priced at $532,900 pairs $3,120/mo rent with after a $2,608/mo payment. Total monthly income equals $3,120/mo. Return on cash invested is 16.63% in year one, and rental yield stands at 7.03% on a $532,900 basis. Equity gained on principal adds $3,439/yr, and 5% annual appreciation accumulates to $147,230 by year five. Five-year ROI measures 86.05% and total cumulative return in cash reaches $150,869. For financing, Ziffy Mortgage’s DSCR program evaluates $3,120/mo property income against a $2,608/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,030 (100%) |
| Owner Occupied HU | 3,800 (63.0%) |
| Renter Occupied HU | 1,172 (19.4%) |
| Vacant Housing Units | 1,058 (17.5%) |
| Median Home Value | $408,576 |
| Average Home Value | $487,963 |
Housing Distribution
Address Breakdown
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
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Listed by: Carolyn Kress • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24110905
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.