9 Brewer Street APT 3, New London, CT, 06320 | $210/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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9 Brewer Street APT 3, New London, CT, 06320 | $210/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New London at 9 Brewer Street APT 3, New London, CT, 06320 priced at $199,000 converts $1,562/mo rent into $210/mo cash flow after a $974/mo obligation. Total monthly income equals $1,562/mo, and annual cash flow totals $2,519/yr on $65,969 invested. Return on cash invested prints 23.73% in year one, and rental yield reads 9.42% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 124.1% and total cumulative return in cash sums $81,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,562/mo property income covering a $974/mo payment, not borrower’s personal income.

Condo

Built in 1870

N/A lot

$N/A/sqft

No HOA

More details about the property

Step into this beautiful second-floor 3-bedroom, 2-bath condo, offering the perfect blend of space, style, and convenience. Featuring a sun-filled layout, this unit boasts generous living areas, two full bathrooms, and thoughtful design touches throughout. A large deck rounds out the amenities of this unique condo. Enjoy the charm of exposed brick accents, a modern kitchen with updated finishes, and ample room for relaxing or entertaining. The primary suite includes its own full bath, creating a comfortable retreat within the home. Ideal for owner-occupants or investors, this condo offers low-maintenance living in conveniently located neighborhood.

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