85 Niles Hill Rd UNIT 11New 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
Rental property for sale in New London at 85 Niles Hill Rd UNIT 11, New London, CT, 06320 priced at $135,000 pairs $1,198/mo rent with after a $661/mo payment. Total monthly income equals $1,198/mo. Return on cash invested is 17.4% in year one, and rental yield stands at 10.65% on a $135,000 basis. Equity gained on principal adds $871/yr, and 5% annual appreciation accumulates to $37,298 by year five. Five-year ROI measures 93.88% and total cumulative return in cash reaches $42,013. For financing, Ziffy Mortgage’s DSCR program evaluates $1,198/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
$374 monthly 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: MOXIE TEAM AT RANDALL REALTORS - COMPASS • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24080367
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