11 Division StreetNorwichCT06360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Norwich at 11 Division Street, Norwich, CT, 06360 earns $352/mo cash flow from $1,065/mo rent with a $514/mo payment. Total monthly income totals $1,065/mo, and annual cash flow totals $4,218/yr on $34,808 capital. ROI tracks 32.03% on current figures, and rental yield reads 12.17% at a $105,000 purchase. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 over five years. Five-year ROI reaches 168.69% and total cumulative return in cash sums $58,718. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,065/mo property income instead of your personal income.
Multi Family
Built in 1870
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06360, Norwich, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,023
Single Family
14,090
Multi-Family
1,933
Businesses
1,102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl A. Keithan • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24128477