243 Schoolhouse RoadNorfolkCT06058
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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 Norfolk at 243 Schoolhouse Road, Norfolk, CT, 06058 priced at $1,275,000 converts $6,076/mo rent into after a $6,240/mo obligation. Total monthly income equals $6,076/mo. Return on cash invested prints 12.86% in year one, and rental yield reads 5.72% against a $1,275,000 entry. Equity gained on principal adds $8,227/yr, while 5% annual appreciation compiles into $352,259 by year five. Five-year ROI reaches 65.74% and total cumulative return in cash sums $271,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,076/mo property income covering a $6,240/mo payment, not borrower’s personal income.
Single Family
Built in 1761
2.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06058, Norfolk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 977 (100%) |
| Owner Occupied HU | 591 (60.5%) |
| Renter Occupied HU | 166 (17.0%) |
| Vacant Housing Units | 220 (22.5%) |
| Median Home Value | $591,912 |
| Average Home Value | $676,798 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
513
Multi-Family
28
Businesses
81
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Listed by: Holly M. Leibrock • Elyse Harney Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096520
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.