99 Spring Glen RoadNianticCT06357
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 99 Spring Glen Road, Niantic, CT, 06357 offers $3,145/mo rent that, after a $3,132/mo payment. Total monthly income is $3,145/mo. Return on cash invested measures 13.14% in year one, and rental yield stands at 5.9% at a $639,900 entry. Equity gained on principal adds $4,129/yr while 5% annual appreciation compounds into $176,793 by year five. Five-year ROI records 67.36% and total cumulative return in cash reaches $141,803. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,145/mo property income versus a $3,132/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,227 sqft lot
$N/A/sqft
$125 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott D. Gladstone • Freehold Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24117072
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.