9 Columbus AveNianticCT06357
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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 Niantic at 9 Columbus Ave, Niantic, CT, 06357 priced at $1,300,000 pairs $3,766/mo rent with after a $6,363/mo payment. Total monthly income equals $3,766/mo. Return on cash invested is 5.93% in year one, and rental yield stands at 3.48% on a $1,300,000 basis. Equity gained on principal adds $8,389/yr, and 5% annual appreciation accumulates to $359,166 by year five. Five-year ROI measures 28.61% and total cumulative return in cash reaches $120,507. For financing, Ziffy Mortgage’s DSCR program evaluates $3,766/mo property income against a $6,363/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1896
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06357, Niantic, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,973
Single Family
5,620
Multi-Family
353
Businesses
460
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Listed by: Ralph M. Harvey III • ListWithFreedom.com
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24094219
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.