68 Flanders 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 68 Flanders Road, Niantic, CT, 06357 offers a 10.08% rental yield on a $365,000 purchase with $3,066/mo rent. Total monthly income registers $3,066/mo, and a $1,786/mo payment leaves $587/mo available for distribution. Annual cash flow reaches $7,038/yr on $120,998 to close, and return on cash invested stands at 25.73% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 134.83% and total cumulative return in cash at $163,135. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,066/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
0.38 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: Mary Poola • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24144096