44 Norwich Avenue LOT 2NorwichCT06360
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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 44 Norwich Avenue LOT 2, Norwich, CT, 06360 earns $120/mo cash flow from $928/mo rent with a $582/mo payment. Total monthly income totals $928/mo, and annual cash flow totals $1,439/yr on $39,449 capital. ROI tracks 23.56% on current figures, and rental yield reads 9.36% at a $119,000 purchase. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 over five years. Five-year ROI reaches 123.18% and total cumulative return in cash sums $48,593. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $928/mo property income instead of your personal income.
Manufactured
Built in 1999
N/A 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: Leo T. Duyan • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24138040