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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 Niantic at 81 E Pattagansett Rd APT 57, Niantic, CT, 06357 with 5% annual appreciation on a $250,000 basis while $2,160/mo rent supports operations. Total monthly income totals $2,160/mo and a $1,224/mo payment preserves $141/mo for cash returns. Annual cash flow comes to $1,692/yr on $82,875 deployed, and return on cash invested reaches 21.95% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 10.37%. Five-year ROI measures 116.27% and total cumulative return in cash totals $96,358.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,160/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1968
N/A lot
$N/A/sqft
$320 monthly HOA
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
| 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 |
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $250,000 |
| 2019-04-02 | Sold | $120,000 |
| 2019-02-21 | Pending sale | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-23 | $2568.00 | 5.94% | $97,440 | N/A |
| 2023-03-23 | $2424.00 | 4.35% | $97,440 | N/A |
| 2022-03-23 | $2323.00 | -5.14% | $97,440 | 13.45% |
What's Special
None
Listed by: Lisa Noyes • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081029
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.
