86 Bayshore DriveNew 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 86 Bayshore Drive, New London, CT, 06320 with 5% annual appreciation on a $329,900 basis while $2,308/mo rent supports operations. Total monthly income totals $2,308/mo and a $1,615/mo payment preserves $66/mo for cash returns. Annual cash flow comes to $794/yr on $109,362 deployed, and return on cash invested reaches 20.64% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 8.4%. Five-year ROI measures 107.56% and total cumulative return in cash totals $117,627.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,308/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
6,534 sqft 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: Renee Sandoval • Ann McBride Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24106028
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.