Condo Investment Properties for Sale in New London, CT

Property at 611 Ocean Avenue #B1, New London, CT
$ 375,000
ROI
21.6ROI percentage
Cash Flow/m
Dollar sign188
  • 2 Bed
  • 3 Bath
  • 1728 sft
611 Ocean Avenue #B1, New London, CT, 06320
Property at 292 Pequot Avenue #B2, New London, CT
Currently Rented
$ 215,000
ROI
19.9ROI percentage
Cash Flow/m
Dollar sign10
  • 2 Bed
  • 1 Bath
  • 794 sft
292 Pequot Avenue #B2, New London, CT, 06320
Property at 48 Blinman Street #2, New London, CT
$ 199,000
ROI
20.8ROI percentage
Cash Flow/m
Dollar sign60
  • 2 Bed
  • 1 Bath
  • 908 sft
48 Blinman Street #2, New London, CT, 06320
Property at 184 Pequot Avenue #312, New London, CT
$ 175,000
ROI
23.6ROI percentage
Cash Flow/m
Dollar sign188
  • 1 Bed
  • 1 Bath
  • 428 sft
184 Pequot Avenue #312, New London, CT, 06320

Why Invest in New London, Connecticut?

Investing in condos in New London, CT, presents a unique opportunity for growth. With a rental yield averaging around 5.5% and a cap rate of approximately 7%, this location is appealing for investors looking for steady cash flow. The real estate market here showcases consistent appreciation trends, making it an excellent choice for long-term investment.

10%
Avg. ROI
5.5%
Rental Yield
7%
Cap Rate
$800/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4.5%
1Y Appreciation

Frequently Asked Questions

The average rental price for condos in New London, CT, is approximately $1,500 per month, which is competitive in the current market.

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