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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Niantic at 40 Marshfield Rd, Niantic, CT, 06357 priced at $497,000 converts $3,470/mo rent into $72/mo cash flow after a $2,433/mo obligation. Total monthly income equals $3,470/mo, and annual cash flow totals $860/yr on $164,756 invested. Return on cash invested prints 20.43% in year one, and rental yield reads 8.38% against a $497,000 entry. Equity gained on principal adds $3,207/yr, while 5% annual appreciation compiles into $137,312 by year five. Five-year ROI reaches 106.49% and total cumulative return in cash sums $175,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,470/mo property income covering a $2,433/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.79 Acres lot
$N/A/sqft
$21 monthly HOA
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
| 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 |
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
Date | Event | Price |
|---|---|---|
| 2015-08-03 | Sold | $243,000 |
| 2015-06-04 | Price change | $249,000 |
| 2015-05-10 | Listed for sale | $269,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-31 | $5034.00 | 5.91% | $191,030 | N/A |
| 2023-03-31 | $4753.00 | 4.37% | $191,030 | N/A |
| 2022-03-31 | $4554.00 | 14.74% | $191,030 | 37.20% |
What's Special
None
Listed by: Colette Harron • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24082042
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.
