45 Cliff StreetNorwichCT06360
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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 45 Cliff Street, Norwich, CT, 06360 at $500,000 posts ROI 6.56% with from $1,553/mo rent. Total monthly income equals $1,553/mo. Return on cash invested measures 6.56% and rental yield reads 3.73% at the current $500,000. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 by year five. Five-year ROI prints 32.03% and total cumulative return in cash totals $53,096. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,553/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1880
4,791 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: Michael P. Doherty • eXp Realty
Mls Name: Smart MLS
Mls ID: #24149375