61 Smith StreetNianticCT06357
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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
Rental property for sale in Niantic at 61 Smith Street, Niantic, CT, 06357 priced at $495,000 converts $1,513/mo rent into after a $2,423/mo obligation. Total monthly income equals $1,513/mo. Return on cash invested prints 6.38% in year one, and rental yield reads 3.67% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 31.07% and total cumulative return in cash sums $50,986. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,513/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Single Family
Built in 1980
9,583 sqft 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: Gregory E. Hanner • Garden Realty
Mls Name: Smart MLS
Mls ID: #24145992