1389 Norfolk RoadTorringtonCT06790
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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
Rental property for sale in Torrington at 1389 Norfolk Road, Torrington, CT, 06790 offers $3,652/mo rent that, after a $1,581/mo payment, leaves $1,382/mo cash flow. Total monthly income is $3,652/mo, and annual cash flow is $16,583/yr on $107,075 cash. Return on cash invested measures 35.4% in year one, and rental yield stands at 13.57% at a $323,000 entry. Equity gained on principal adds $2,084/yr while 5% annual appreciation compounds into $89,239 by year five. Five-year ROI records 186.99% and total cumulative return in cash reaches $200,217. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,652/mo property income versus a $1,581/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06790, Torrington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,177 (100%) |
| Owner Occupied HU | 10,221 (59.5%) |
| Renter Occupied HU | 5,550 (32.3%) |
| Vacant Housing Units | 1,406 ( 8.2%) |
| Median Home Value | $205,021 |
| Average Home Value | $290,346 |
Housing Distribution
Address Breakdown
Residential
16,273
Single Family
14,829
Multi-Family
1,444
Businesses
1,355
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Listed by: Patrick Garrett • Complete Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093443
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.