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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 4U, New London, CT, 06320 at $125,000 posts ROI 13.35% with from $985/mo rent. Total monthly income equals $985/mo. Return on cash invested measures 13.35% and rental yield reads 9.46% at the current $125,000. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 by year five. Five-year ROI prints 72.29% and total cumulative return in cash totals $29,957. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $985/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1964
N/A lot
$N/A/sqft
$362 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 |
|---|---|---|
| 2025-03-13 | Listed for sale | $125,000 |
| 2024-10-14 | Listing removed | $105,000 |
| 2024-10-01 | Listed for sale | $105,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $1312.00 | 31.73% | $47,700 | 78.38% |
| 2023-03-18 | $996.00 | -0.20% | $26,740 | N/A |
| 2022-03-18 | $998.00 | -1.67% | $26,740 | N/A |
What's Special
None
Listed by: Stephanie Liriano • Redfin Corporation
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079116
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.
