38 Hope Street #1101NianticCT06357
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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 Niantic at 38 Hope Street #1101, Niantic, CT, 06357 earns $636/mo cash flow from $2,532/mo rent with a $1,312/mo payment. Total monthly income totals $2,532/mo, and annual cash flow totals $7,630/yr on $88,842 capital. ROI tracks 28.5% on current figures, and rental yield reads 11.34% at a $268,000 purchase. Equity gained on principal adds $1,729/yr, and 5% annual appreciation supports $74,043 over five years. Five-year ROI reaches 150.06% and total cumulative return in cash sums $133,317. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,532/mo property income instead of your personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
$75 monthly 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: The Valentine Team of William Pitt Sotheby's International Realty • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24107984
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