16 River PlNorfolkCT06058
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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 Norfolk at 16 River Pl, Norfolk, CT, 06058 earns $129/mo cash flow from $1,012/mo rent with a $636/mo payment. Total monthly income totals $1,012/mo, and annual cash flow totals $1,550/yr on $43,062 capital. ROI tracks 23.51% on current figures, and rental yield reads 9.35% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 123.02% and total cumulative return in cash sums $52,975. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,012/mo property income instead of your personal income.
Single Family
Built in 1905
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06058, Norfolk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 977 (100%) |
| Owner Occupied HU | 591 (60.5%) |
| Renter Occupied HU | 166 (17.0%) |
| Vacant Housing Units | 220 (22.5%) |
| Median Home Value | $591,912 |
| Average Home Value | $676,798 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
513
Multi-Family
28
Businesses
81
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Listed by: Kelly Sullivan • Sullivan Real Estate Inc
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095375
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.