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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Norwich at 1 Julian Ter, Norwich, CT, 06360 offers $2,977/mo rent that, after a $1,444/mo payment, leaves $906/mo cash flow. Total monthly income is $2,977/mo, and annual cash flow is $10,876/yr on $97,793 cash. Return on cash invested measures 31.03% in year one, and rental yield stands at 12.11% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 163.6% and total cumulative return in cash reaches $159,986. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,977/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06360, Norwich, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,508 (100%) |
| Owner Occupied HU | 7,848 (44.8%) |
| Renter Occupied HU | 7,879 (45.0%) |
| Vacant Housing Units | 1,781 (10.2%) |
| Median Home Value | $267,212 |
| Average Home Value | $314,342 |
Residential
16,023
Single Family
14,090
Multi-Family
1,933
Businesses
1,102
Date | Event | Price |
|---|---|---|
| 2024-03-25 | Sold | $280,000 |
| 2024-03-19 | Pending sale | $249,000 |
| 2024-02-22 | Listed for sale | $249,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $6045.00 | 42.98% | $181,800 | 80.72% |
| 2023-04-23 | $4228.00 | -0.35% | $100,600 | N/A |
| 2022-04-23 | $4243.00 | -0.40% | $100,600 | N/A |
What's Special
Pull Down Stairs
Listed by: Ashley Tetreault • Silver Key Homes Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087834
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.
