220 Upper Turnpike RoadNorwichVT05055
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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 220 Upper Turnpike Road, Norwich, VT, 05055 generates $6,146/mo in rent, after a $6,847/mo payment. Total monthly income is $6,146/mo. Return on cash invested sits at 12% in year one, and rental yield is 5.27% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 60.97% and total cumulative return in cash sums $276,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,146/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
12.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05055, Norwich, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,648 (100%) |
| Owner Occupied HU | 1,185 (71.9%) |
| Renter Occupied HU | 302 (18.3%) |
| Vacant Housing Units | 161 ( 9.8%) |
| Median Home Value | $637,829 |
| Average Home Value | $757,019 |
Housing Distribution
Address Breakdown
Residential
1,319
Single Family
1,298
Multi-Family
21
Businesses
146
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Listed by: Delia Wallace • Coldwell Banker LIFESTYLES - Hanover
Mls Name: PrimeMLS
Mls Provider:
Mls ID: #4993277
Disclaimer: Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-10-14 03:14:38 PDT. This display of listings may or may not be the entire Compilation from the PrimeMLS database, and PrimeMLS does not guarantee the accuracy of such information.