244 Taftville Occum RoadNorwichCT06360
Nearby investment properties with comparable rents
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
Rental property for sale in Norwich at 244 Taftville Occum Road, Norwich, CT, 06360 priced at $324,900 converts $2,400/mo rent into $193/mo cash flow after a $1,590/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $2,312/yr on $107,704 invested. Return on cash invested prints 22.06% in year one, and rental yield reads 8.86% against a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,764 by year five. Five-year ROI reaches 115.15% and total cumulative return in cash sums $124,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,590/mo payment, not borrower’s personal income.
Multi Family
Built in 1919
1.17 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lawrence Colli • Williams and Stuart Real Estate
Mls Name: Smart MLS
Mls ID: #24147553