330 Crystal Avenue #20New 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 330 Crystal Avenue #20, New London, CT, 06320 uses $109,064 cash to close to unlock $11,963/yr annual cash flow and $997/mo monthly cash flow. Total monthly income runs $3,232/mo, and a $1,610/mo payment keeps the spread at $997/mo. Purchase price stands at $329,000, and rental yield measures 11.79% with $3,232/mo rent. Return on cash invested shows 30.88% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 162.44% and total cumulative return in cash records $177,165. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,232/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A 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
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Listed by: Jen L. Pendergast • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24113873