18 Geer AvenueNorwichCT06360
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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
Total monthly income runs $1,986/mo, and a $1,443/mo payment. Purchase price stands at $294,900, and rental yield measures 8.08% with $1,986/mo rent. Return on cash invested shows 18.65% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 97.29% and total cumulative return in cash records $95,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,986/mo property income covering a $1,443/mo payment rather than investor’s personal income.
Single Family
Built in 1938
4,791 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: X Team At Real Broker CT • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097642
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.