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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Norwich at 17 Aspen Ct, Norwich, CT, 06360 listed at $349,000 pairs $2,400/mo rent with a $1,708/mo payment to leave $29/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $347/yr on $115,694 cash to close. Return on cash invested measures 20.21% in year one, and rental yield registers 8.25% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 105.24% and total cumulative return in cash totals $121,752. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06360, Norwich, CT area.
| 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 |
Residential
16,023
Single Family
14,090
Multi-Family
1,933
Businesses
1,102
Date | Event | Price |
|---|---|---|
| 2016-07-28 | Sold | $173,500 |
| 2016-01-28 | Sold | $71,500 |
| 2015-03-02 | Sold | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-15 | $5682.00 | 18.38% | $170,900 | 49.65% |
| 2023-05-15 | $4800.00 | -0.35% | $114,200 | N/A |
| 2022-05-15 | $4817.00 | -0.39% | $114,200 | N/A |
What's Special
None
Listed by: Amy F. Jones • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095286
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.
