31 Flyers DriveNorwichCT06360
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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
Investment property for sale in Norwich at 31 Flyers Drive, Norwich, CT, 06360 uses $101,074 cash to close to unlock $8,264/yr annual cash flow and $689/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,492/mo payment keeps the spread at $689/mo. Purchase price stands at $304,900, and rental yield measures 10.86% with $2,760/mo rent. Return on cash invested shows 28.09% in year one, and 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 147.49% and total cumulative return in cash records $149,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,492/mo payment rather than investor’s personal income.
Single Family
Built in 1950
10,018 sqft 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
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Listed by: Johana Flores • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24147629