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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% |
Rental property for sale in Norwich at 22 Canterbury Tpke, Norwich, CT, 06360 priced at $325,000 pairs $3,666/mo rent with $1,416/mo cash flow after a $1,591/mo payment. Total monthly income equals $3,666/mo, and annual cash flow comes to $16,986/yr on $107,738 invested. Return on cash invested is 35.68% in year one, and rental yield stands at 13.54% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 188.37% and total cumulative return in cash reaches $202,945. For financing, Ziffy Mortgage’s DSCR program evaluates $3,666/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1750
0.30 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 |
|---|---|---|
| 2024-10-10 | Price change | $325,000 |
| 2024-10-01 | Listed for sale | $345,000 |
| 2004-06-18 | Sold | $240,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $6288.00 | -0.35% | $149,600 | N/A |
| 2022-10-15 | $6310.00 | -0.41% | $149,600 | N/A |
| 2021-10-15 | $6336.00 | -0.06% | $149,600 | N/A |
What's Special
Pull Down Stairs
Listed by: Donald Boushee • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24049394
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.
