Under $500K Investment Properties for Sale in Old Lyme, CT

Property at 4 NOTTINGHAM Drive, Old Lyme, CT
Listed for sale 6 days ago
$ 500,000
ROI
21.5ROI percentage
Cash Flow/m
Dollar sign238
  • 3 Bed
  • 3 Bath
  • 2116 sft
4 NOTTINGHAM Drive, Old Lyme, CT, 06371
Property at 78-1 Hartford Avenue #78-1, Old Lyme, CT
$ 300,000
ROI
23.6ROI percentage
Cash Flow/m
Dollar sign320
  • 2 Bed
  • 1 Bath
  • 624 sft
78-1 Hartford Avenue #78-1, Old Lyme, CT, 06371
Property at 44 Boughton Road, Old Lyme, CT
Fix & Flip
$ 169,900
ROI
22.8ROI percentage
Cash Flow/m
Dollar sign144
  • 2 Bed
  • 1 Bath
  • 864 sft
44 Boughton Road, Old Lyme, CT, 06371
Property at 70 Browns Lane, Old Lyme, CT
Airbnb Potential
$ 359,000
ROI
25.9ROI percentage
Cash Flow/m
Dollar sign612
  • 2 Bed
  • 2 Bath
  • 911 sft
70 Browns Lane, Old Lyme, CT, 06371

Why Invest in Old Lyme, Connecticut?

Investing in real estate properties under $500k in Connecticut offers a unique opportunity. With a stable rental market and strong community growth, properties in this price range can provide solid returns. Investors can expect attractive rental yields, reasonable cap rates, and an overall positive cash flow.

8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$250/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
4%
1Y Appreciation

Frequently Asked Questions

In Connecticut, you can find a range of properties under $500k including single-family homes, townhouses, and smaller multi-family units. These properties often make for excellent investment opportunities.

Find Your Perfect Investment Property in Old Lyme, Connecticut

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