38 Hope Street #1208NianticCT06357
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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 #1208, Niantic, CT, 06357 listed at $262,000 pairs $1,793/mo rent with a $1,282/mo payment to leave $13/mo cash flow. Total monthly income runs $1,793/mo, and annual cash flow reaches $158/yr on $86,853 cash to close. Return on cash invested measures 20.09% in year one, and rental yield registers 8.21% at a $262,000 basis. Equity gained on principal adds $1,691/yr, and annual property appreciation at 5% supports $72,386 by year five. Five-year ROI tracks 104.67% and total cumulative return in cash totals $90,909. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,793/mo property income relative to a $1,282/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2015
N/A 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: Sara M. Venditto • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24122148