147 Hickory StreetNorwichCT06360
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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
Investment property for sale in Norwich at 147 Hickory Street, Norwich, CT, 06360 at $282,000 posts ROI 30.03% with $788/mo cash flow from $2,704/mo rent. Total monthly income equals $2,704/mo, and annual cash flow records $9,458/yr on $93,483 to close. Return on cash invested measures 30.03% and rental yield reads 11.51% at the current $282,000. Equity gained on principal adds $1,820/yr, and 5% annual appreciation supports $77,911 by year five. Five-year ROI prints 157.94% and total cumulative return in cash totals $147,649.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,704/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1880
9,583 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
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Listed by: Jill A. Rokowski • I.M.A. Realty LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24107386
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.