213 Old Pond Lane #213NorwichCT06360
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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
Rental property for sale in Norwich at 213 Old Pond Lane #213, Norwich, CT, 06360 generates $1,451/mo in rent and, after a $893/mo payment, leaves $211/mo in cash flow. Total monthly income is $1,451/mo, and annual cash flow is $2,535/yr on $60,499 invested. Return on cash invested sits at 24.1% in year one, and rental yield is 9.54% on a $182,500 entry. Equity gained on principal adds $1,178/yr, while 5% annual appreciation builds toward $50,421 over five years. Five-year ROI reaches 126.17% and total cumulative return in cash sums $76,330. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,451/mo property income rather than buyer’s personal income.
Condo
Built in 1986
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: BJ Lee • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24103714