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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% |
Investment property for sale in New London at 70 Farmington Ave UNIT 4J, New London, CT, 06320 listed at $120,000 pairs $945/mo rent with a $587/mo payment. Total monthly income runs $945/mo. Return on cash invested measures 10.26% in year one, and rental yield registers 9.45% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 56.76% and total cumulative return in cash totals $22,579. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $945/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1964
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood data shown for ZIP Code: 06320, New London, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,582 (100%) |
| Owner Occupied HU | 4,019 (31.9%) |
| Renter Occupied HU | 7,156 (56.9%) |
| Vacant Housing Units | 1,407 (11.2%) |
| Median Home Value | $291,296 |
| Average Home Value | $336,354 |
Residential
11,305
Single Family
9,237
Multi-Family
2,068
Businesses
1,322
Date | Event | Price |
|---|---|---|
| 2025-04-13 | Listed for sale | $120,000 |
| 2023-10-18 | Sold | $78,000 |
| 2023-09-27 | Pending sale | $69,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-20 | $1779.00 | 61.00% | $64,700 | 117.99% |
| 2023-04-20 | $1105.00 | -0.18% | $29,680 | N/A |
| 2022-04-20 | $1107.00 | -1.69% | $29,680 | N/A |
What's Special
None
Listed by: Justin Cote • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087764
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.
