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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 220 Old Salem Rd, Norwich, CT, 06360 at $320,000 posts ROI 26.54% with $586/mo cash flow from $2,760/mo rent. Total monthly income equals $2,760/mo, and annual cash flow records $7,032/yr on $106,080 to close. Return on cash invested measures 26.54% and rental yield reads 10.35% at the current $320,000. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 by year five. Five-year ROI prints 139.18% and total cumulative return in cash totals $147,639.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,760/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1954
0.27 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 |
|---|---|---|
| 2025-04-09 | Listed for sale | $320,000 |
| 1987-11-10 | Sold | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-13 | $5357.00 | 23.52% | $161,100 | 56.10% |
| 2023-04-13 | $4337.00 | -0.28% | $103,200 | 0.10% |
| 2022-04-13 | $4349.00 | -0.39% | $103,100 | N/A |
What's Special
None
Listed by: Rachel Welch • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24086098
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.
