845 Ocean AvenueNew LondonCT06320
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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 New London at 845 Ocean Avenue, New London, CT, 06320 with 5% annual appreciation on a $988,000 basis while $3,904/mo rent supports operations. 69% in year one. Equity gained on principal adds $6,375/yr, and five-year appreciation sums $272,966 alongside rental yield of 4.74%. Five-year ROI measures 48.8% and total cumulative return in cash totals $158,632. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,904/mo property income versus a $4,836/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
1.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06320, New London, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,305
Single Family
9,237
Multi-Family
2,068
Businesses
1,322
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Listed by: Mary Poola • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24119029