38 Hope Street #117NianticCT06357
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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 #117, Niantic, CT, 06357 earns from $3,479/mo rent with a $2,809/mo payment. Total monthly income totals $3,479/mo. ROI tracks 14.21% on current figures, and rental yield reads 7.27% at a $574,000 purchase. Equity gained on principal adds $3,704/yr, and 5% annual appreciation supports $158,586 over five years. Five-year ROI reaches 74.21% and total cumulative return in cash sums $140,145. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,479/mo property income instead of your personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
$500 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: Annie Kaye O. Nowak • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24116999
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.