Under $500K Investment Properties for Sale in New London, CT

Property at 194-196 Jefferson Avenue, New London, CT
Currently Rented
Fix & Flip
Rental Income
+ 1 more
$ 399,999
ROI
34.7ROI percentage
Cash Flow/m
Dollar sign1662
  • 6 Bed
  • 2 Bath
  • 2132 sft
194-196 Jefferson Avenue, New London, CT, 06320
Property at 231 Connecticut Boulevard, New London, CT
Listed for sale 5 days ago
$ 389,900
ROI
25.9ROI percentage
Cash Flow/m
Dollar sign665
  • 4 Bed
  • 2 Bath
  • 1470 sft
231 Connecticut Boulevard, New London, CT, 06320
Property at 95 Lower Boulevard, New London, CT
Listed for sale 7 days ago
$ 450,000
ROI
29.6ROI percentage
Cash Flow/m
Dollar sign1232
  • 4 Bed
  • 2 Bath
  • 1675 sft
95 Lower Boulevard, New London, CT, 06320
Property at 63 Faire Harbour Place, New London, CT
$ 399,900
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign142
  • 4 Bed
  • 2 Bath
  • 2284 sft
63 Faire Harbour Place, New London, CT, 06320

Why Invest in New London, Connecticut?

Investing in New London, CT offers excellent opportunities, especially for properties priced under $500k. With a diverse economy and substantial rental demand, investors can benefit from steady cash flow and steady appreciation rates. The city’s average rental yield is competitive, making it an attractive market for both new and seasoned investors.

8.5%
Avg. ROI
6%
Rental Yield
7.2%
Cap Rate
$200/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
3.5%
1Y Appreciation

Frequently Asked Questions

You can find a variety of properties under $500k including single-family homes, townhouses, and some multifamily units. This range offers great potential for both investors and first-time homebuyers.

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