33 Shepard RoadNorfolkCT06058
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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
Rental property for sale in Norfolk at 33 Shepard Road, Norfolk, CT, 06058 generates $3,248/mo in rent and, after a $1,101/mo payment, leaves $1,720/mo in cash flow. Total monthly income is $3,248/mo, and annual cash flow is $20,634/yr on $74,588 invested. Return on cash invested sits at 47.57% in year one, and rental yield is 17.32% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 252.01% and total cumulative return in cash sums $187,965. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,248/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06058, Norfolk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 977 (100%) |
| Owner Occupied HU | 591 (60.5%) |
| Renter Occupied HU | 166 (17.0%) |
| Vacant Housing Units | 220 (22.5%) |
| Median Home Value | $591,912 |
| Average Home Value | $676,798 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
513
Multi-Family
28
Businesses
81
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Listed by: Heidi Picard-Ramsay • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24103557