48 Billow Road, Niantic, CT, 06357 | 5.54% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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48 Billow Road, Niantic, CT, 06357 | 5.54% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Niantic at 48 Billow Road, Niantic, CT, 06357 priced at $650,000 converts $3,002/mo rent into after a $3,181/mo obligation. Total monthly income equals $3,002/mo. Return on cash invested prints 12.13% in year one, and rental yield reads 5.54% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 61.86% and total cumulative return in cash sums $132,290. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,002/mo property income covering a $3,181/mo payment, not borrower’s personal income.

Single Family

Built in 1970

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Located within the sought-after Black Point Beach Association, this beautifully renovated coastal home blends modern style with timeless New England charm. Just steps from the shoreline, it offers vaulted ceilings, recessed lighting, and rich hardwood floors that flow through a bright open layout. The kitchen features granite countertops, a center island with seating, stainless steel appliances, and crisp white cabinetry-perfect for both entertaining and everyday living. A convenient stackable washer/dryer and updated mechanicals, including a high-efficiency furnace, tankless hot water system and central A/C, provide comfort and efficiency. Outside, enjoy a spacious yard shaded by mature trees and a private driveway. The Black Point Beach Association enhances the lifestyle with access to private beaches, community clubhouse, tennis and basketball courts, and social events-making this home ideal as a year-round residence or weekend escape. Experience the best of coastal Connecticut living where community, recreation, and relaxation meet.

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