3 Cedar Ln Extension, Norwich, CT, 06360 | 5.89% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

3 Cedar Ln Extension, Norwich, CT, 06360 | 5.89% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
933 sft

24 Old Hamburg Rd, Lyme, CT, 06371

2 Bed
1 Bath
872 sft

21 Boughton Road, Old Lyme, CT, 06371

1 Bed
2 Bath
704 sft

26 Old Hamburg Road, Lyme, CT, 06371

1 Bed
1 Bath
338 sft

300 Mile Creek Rd, Old Lyme, CT, 06371

Nearby investment properties with comparable prices

1 Bed
1 Bath
560 sft

169B Shore Rd #169B, Clinton, CT, 06413

3 Bed
3 Bath
2362 sft

5 Latimer Ct, Waterford, CT, 06385

3 Bed
2 Bath
1806 sft

9 Southwinds Road, Moodus, CT, 06469

2 Bed
3 Bath
1680 sft

46 Village Xing #46, East Lyme, CT, 06357

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Norwich at 3 Cedar Ln Extension, Norwich, CT, 06360 at $489,000 posts ROI 13.08% with from $2,400/mo rent. Total monthly income equals $2,400/mo. Return on cash invested measures 13.08% and rental yield reads 5.89% at the current $489,000. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 by year five. Five-year ROI prints 67.02% and total cumulative return in cash totals $108,646. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,400/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 2006

1.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome into this bright voluminous Colonial, hidden away on its own sunny lot within a country casual community. You will be greeted with a feast of windows, high ceilings and space, space, space. The main living area is comprised of an opened living room, kitchen and casual dining area. Tucked away there is another room which could be used as a casual dining room, a home office or whatever your need. An abundance of counter space, gas stove and cabinetry galore, make up the immense kitchen and the slider opens up the entire space adding even more light. The upper level is where you will find an enormous primary bedroom suite with walk in closet and attached ensuite with a whirlpool tub, separate shower and double sinks. Two other bedrooms with walk in closets and a fourth over-sized room, currently being used as a bedroom at the other end of the hallway, next to the laundry room make up the rest of the space. Yes, a laundry room on same floor as the bedrooms. If that doesn't scream convenience, I don't know what does. New driveway was installed in 2022, along with a new heating system and a host of other updates attached. Make an appointment today.

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