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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 262 Broadway, Norwich, CT, 06360 generates $4,837/mo in rent and, after a $2,932/mo payment, leaves $284/mo in cash flow. Total monthly income is $4,837/mo, and annual cash flow is $3,411/yr on $197,071 invested. Return on cash invested sits at 21.79% in year one, and rental yield is 9.69% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 114.79% and total cumulative return in cash sums $226,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,837/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
0.58 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 |
|---|---|---|
| 2025-04-07 | Listed for sale | $599,000 |
| 2025-04-02 | Listing removed | $649,000 |
| 2025-03-07 | Price change | $649,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $16453.00 | 9.97% | $430,700 | 39.48% |
| 2023-04-11 | $14961.00 | -0.07% | $308,800 | N/A |
| 2022-04-11 | $14971.00 | -0.33% | $308,800 | N/A |
What's Special
Finished,Walk-up
Listed by: Renee R. McCammon • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24086492
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.
