45 McKinley AvenueNorwichCT06360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 McKinley Avenue, Norwich, CT, 06360 at $219,000 posts ROI 21.26% with $82/mo cash flow from $1,570/mo rent. Total monthly income equals $1,570/mo, and annual cash flow records $983/yr on $72,599 to close. Return on cash invested measures 21.26% and rental yield reads 8.6% at the current $219,000. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 by year five. Five-year ROI prints 110.91% and total cumulative return in cash totals $80,517.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,570/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1870
0.35 Acres 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: Thomas Mele • Dorrance Realty
Mls Name: Smart MLS
Mls ID: #24112329