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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% |
Investment property for sale in Norwich at 306 Salem Tpke UNIT 10, Norwich, CT, 06360 uses $89,174 cash to close to unlock $1,687/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $2,270/mo, and a $1,317/mo payment keeps the spread at $141/mo. Purchase price stands at $269,000, and rental yield measures 10.13% with $2,270/mo rent. Return on cash invested shows 21.8% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 115.27% and total cumulative return in cash records $102,791. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,270/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$300 monthly 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 | $269,000 |
| 2004-06-16 | Sold | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $4805.00 | 24.55% | $144,500 | 57.41% |
| 2023-04-08 | $3858.00 | -0.36% | $91,800 | N/A |
| 2022-04-08 | $3872.00 | -0.41% | $91,800 | N/A |
What's Special
Storage,Floored,Pull Down Stairs
Listed by: Lori M. Moore • Northeast Property Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24086014
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.
