46 Old Black Point RoadNianticCT06357
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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 46 Old Black Point Road, Niantic, CT, 06357 offers a 5.57% rental yield on a $949,900 purchase with $4,411/mo rent. 22% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,440 over five years. Portfolio math shows five-year ROI at 62.36% and total cumulative return in cash at $194,898. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,411/mo property income against a $4,649/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.28 Acres 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: Bill Heenan • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24139202