3 Laurel Hill Drive South, Niantic, CT, 06357 | 8.13% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

3 Laurel Hill Drive South, Niantic, CT, 06357 | 8.13% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1432 sft

21 Fenwick Street, Old Saybrook, CT, 06475

3 Bed
2 Bath
1225 sft

25 Sherman St, Old Saybrook, CT, 06475

3 Bed
3 Bath
3286 sft

1 Lighthouse Ln, Old Saybrook, CT, 06475

3 Bed
2 Bath
1920 sft

4 Chartier Avenue, Old Saybrook, CT, 06475

Nearby investment properties with comparable prices

3 Bed
3 Bath
3552 sft

7 Hickory Ave, Clinton, CT, 06413

3 Bed
1 Bath
816 sft

23 Columbus Avenue, Old Lyme, CT, 06371

3 Bed
2 Bath
1762 sft

1 Hartford Avenue, Old Saybrook, CT, 06475

3 Bed
2 Bath
1394 sft

95 Buttonball Road, Old Lyme, CT, 06371

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Niantic at 3 Laurel Hill Drive South, Niantic, CT, 06357 priced at $619,900 pairs $4,200/mo rent with after a $3,034/mo payment. Total monthly income equals $4,200/mo. Return on cash invested is 19.99% in year one, and rental yield stands at 8.13% on a $619,900 basis. Equity gained on principal adds $4,000/yr, and 5% annual appreciation accumulates to $171,267 by year five. Five-year ROI measures 104.07% and total cumulative return in cash reaches $212,240. For financing, Ziffy Mortgage’s DSCR program evaluates $4,200/mo property income against a $3,034/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1962

0.76 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 3 Laurel Hill Dr. S in Niantic, CT! This expanded 4 BR, 3 Bath Ranch style home offers the perfect blend of comfort, space and functionality. The main level features your kitchen with ample granite counter tops, a brand new cook top and breakfast bar seating. The adjoining dining area flows seamlessly into a sunny, spacious living room with fireplace. An additional, generously sized space on this floor makes an ideal family room and opens directly onto the Ipe deck where you'll have prime viewing of the stunning backyard - perfect for outdoor entertaining! You'll appreciate the tiered areas which include a stamped concrete patio, plenty of grass for lawn games, a firepit area and hot tub. The stunning flowers and mature landscaping lend to this tranquil setting. Back inside, the main level is complete with a primary bedroom with its own full bath, an additional 2 bedrooms and a second full bath. The home is perfectly suited for multigenerational living with a fully finished lower level that has both interior and separate exterior access and its own driveway! This level features a large bedroom, a second expansive family room with fireplace, laundry area, full bath and a flexible room that could be used as an office or guest space. The lower level is equipped with its own central AC. The home also features energy-efficient solar panels. Don't miss your chance to own a versatile and lovely maintained home in a convenient and desirable neighborhood setting

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