97 West Main Street Apt 24, Niantic, CT, 06357 | 7.55% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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97 West Main Street Apt 24, Niantic, CT, 06357 | 7.55% Rental Yield | Ziffy

For Sale

Listed for sale 6 days ago

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

Investment property for sale in Niantic at 97 West Main Street Apt 24, Niantic, CT, 06357 earns from $2,990/mo rent with a $2,325/mo payment. Total monthly income totals $2,990/mo. ROI tracks 18.1% on current figures, and rental yield reads 7.55% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 93.94% and total cumulative return in cash sums $147,919. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,990/mo property income instead of your personal income.

Condo

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to your sun-drenched end unit in the desirable Pond cliff complex. This oversized townhouse offers a fantastic layout with 2 spacious bedrooms and a versatile loft space, perfect for a home office or third sleeping area. Enjoy the luxury of abundant natural light streaming through this coveted end unit. Entertain with ease on your private, wrap-around deck. Experience comfortable, stylish living in a prime Niantic location. A unique opportunity, don't miss out! Niantic offers a vibrant, walkable coastal lifestyle with sandy beaches, a charming downtown, and a variety of local dining favorites. Enjoy morning stops at the nationally recognized Sift Bakery, known for its artisanal pastries and award-winning desserts, dining at popular restaurants including Spice Club and the well-known Flanders Fish Market, special evenings at 374 Kitchen & Cocktails, along with prepared meals and provisions from GG at Home. The town is known for its scenic shoreline, boardwalk strolls, marinas, and easy access to local beaches. This close-knit, welcoming community enjoys seasonal festivals and waterfront events, adding to Niantic's relaxed, coastal charm and strong sense of local connection which is ideal for both year-round living and weekend retreats.

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