97 West Main Street APT 78, Niantic, CT, 06357 | 7.41% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

97 West Main Street APT 78, Niantic, CT, 06357 | 7.41% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
714 sft

30 Hartford Avenue #A, Old Lyme, CT, 06371

1 Bed
2 Bath
855 sft

59 Old Post Road APT AR1, Clinton, CT, 06413

1 Bed
2 Bath
1035 sft

59 Old Post Rd APT B4, Clinton, CT, 06413

2 Bed
1 Bath
1071 sft

Brainard Island, East Lyme, CT, 06333

Nearby investment properties with comparable prices

4 Bed
1 Bath
1962 sft

4 Oscela Trail, Clinton, CT, 06413

2 Bed
1 Bath
714 sft

30 Hartford Avenue #A, Old Lyme, CT, 06371

3 Bed
1 Bath
1142 sft

76 Fairy Dell Road, Clinton, CT, 06413

3 Bed
2 Bath
1923 sft

23 Old Mill Road, Clinton, CT, 06413

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Niantic at 97 West Main Street APT 78, Niantic, CT, 06357 listed at $350,000 pairs $2,160/mo rent with a $1,713/mo payment. Total monthly income runs $2,160/mo. Return on cash invested measures 17.65% in year one, and rental yield registers 7.41% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 91.54% and total cumulative return in cash totals $106,214. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautiful end unit condo conveniently located in East Lyme. This condo is spacious and filled with natural light. The living room offers a fireplace and balcony deck. The kitchen flows nicely into the dining and living room area. The kitchen is equipped with updated stainless steel appliances. Upstairs the primary bedroom comes with its own full bath, a loft space and a private deck. The garage provides plenty of parking space and generous storage. The association grounds are professionally maintained and offer a large in-ground pool, perfect for summer days. Do not miss out on this great home!

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