150 Sheraton Lane #150NorwichCT06360
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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 150 Sheraton Lane #150, Norwich, CT, 06360 offers a 11.57% rental yield on a $148,900 purchase with $1,436/mo rent. Total monthly income registers $1,436/mo, and a $729/mo payment leaves $424/mo available for distribution. Annual cash flow reaches $5,089/yr on $49,360 to close, and return on cash invested stands at 30.22% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,138 over five years. Portfolio math shows five-year ROI at 159.01% and total cumulative return in cash at $78,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,436/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A 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: Justin Bradley • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24144745