Under $300K Investment Properties for Sale in New London, CT

Property at 348 Bayonet Street, New London, CT
$ 299,900
ROI
28.5ROI percentage
Cash Flow/m
Dollar sign726
  • 2 Bed
  • 2 Bath
  • 1900 sft
348 Bayonet Street, New London, CT, 06320
Property at 622 Williams Street, New London, CT
$ 279,000
ROI
26.5ROI percentage
Cash Flow/m
Dollar sign524
  • 4 Bed
  • 3 Bath
  • 2584 sft
622 Williams Street, New London, CT, 06320
Property at 17 Borodell Place, New London, CT
$ 299,000
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign430
  • 3 Bed
  • 1 Bath
  • 1334 sft
17 Borodell Place, New London, CT, 06320
Property at 373 Jefferson Avenue, New London, CT
$ 240,000
ROI
19.9ROI percentage
Cash Flow/m
Dollar sign7
  • 3 Bed
  • 1 Bath
  • 960 sft
373 Jefferson Avenue, New London, CT, 06320

Why Invest in New London, Connecticut?

Investing in New London, CT, offers numerous opportunities, especially for properties priced under $300k. With a growing rental market and affordable entry points, investors can expect competitive returns and rental yields averaging around 7%. The city benefits from a strategic location on Long Island Sound, enhancing its appeal for both renters and buyers alike.

10%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$1200/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

The average rental price in New London is approximately $1,800 per month. This competitive rate makes it an attractive option for renters and investors alike.

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