140 Norwood AveNew LondonCT06320
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 New London at 140 Norwood Ave, New London, CT, 06320 at $255,500 posts ROI 26.94% with $497/mo cash flow from $2,233/mo rent. Total monthly income equals $2,233/mo, and annual cash flow records $5,959/yr on $84,698 to close. Return on cash invested measures 26.94% and rental yield reads 10.49% at the current $255,500. Equity gained on principal adds $1,649/yr, and 5% annual appreciation supports $70,590 by year five. Five-year ROI prints 141.38% and total cumulative return in cash totals $119,745.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,233/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06320, New London, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,582 (100%) |
| Owner Occupied HU | 4,019 (31.9%) |
| Renter Occupied HU | 7,156 (56.9%) |
| Vacant Housing Units | 1,407 (11.2%) |
| Median Home Value | $291,296 |
| Average Home Value | $336,354 |
Housing Distribution
Address Breakdown
Residential
11,305
Single Family
9,237
Multi-Family
2,068
Businesses
1,322
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