153 Old Norwich Road, Waterford, CT, 06385 | $48/mo Cash Flow

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
950 sft

67 Deepwood Drive, Lebanon, CT, 06249

3 Bed
1 Bath
952 sft

73 Old Farm Rd, Groton, CT, 06340

Currently Rented+ 2 more

2 Bed
1 Bath
1423 sft

231 Poquonnock Road, Groton, CT, 06340

2 Bed
2 Bath
1020 sft

1691 Norwich New London Turnpike APT E1, Uncasville, CT, 06382

Nearby investment properties with comparable prices

2 Bed
3 Bath
1760 sft

330 Crystal Avenue #3, New London, CT, 06320

3 Bed
1 Bath
974 sft

64 Woodrow Avenue, Norwich, CT, 06360

4 Bed
1 Bath
1513 sft

29 Indian Field Road, Groton, CT, 06340

2 Bed
1 Bath
1122 sft

22 Sylvan Terrace, Deep River, CT, 06417

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Waterford at 153 Old Norwich Road, Waterford, CT, 06385 offers a 8.3% rental yield on a $388,000 purchase with $2,684/mo rent. Total monthly income registers $2,684/mo, and a $1,899/mo payment leaves $48/mo available for distribution. Annual cash flow reaches $574/yr on $128,622 to close, and return on cash invested stands at 20.35% in year one. Equity gained on principal adds $2,504/yr while 5% annual appreciation supports $107,197 over five years. Portfolio math shows five-year ROI at 106.03% and total cumulative return in cash at $136,372. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,684/mo property income against a $1,899/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1794

0.70 Acres lot

$N/A/sqft

No HOA