214 West Thames StreetNorwichCT06360
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Nearby investment properties with comparable prices
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 Norwich at 214 West Thames Street, Norwich, CT, 06360 earns $241/mo cash flow from $1,939/mo rent with a $1,223/mo payment. Total monthly income totals $1,939/mo, and annual cash flow totals $2,894/yr on $82,849 capital. ROI tracks 23.4% on current figures, and rental yield reads 9.31% at a $249,922 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,049 over five years. Five-year ROI reaches 122.42% and total cumulative return in cash sums $101,421. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,939/mo property income instead of your personal income.
Single Family
Built in 1950
0.27 Acres 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: Jason Saphire • www.HomeZu.com
Mls Name: Smart MLS
Mls ID: #24121101