47 8th 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 47 8th Street, Norwich, CT, 06360 earns $10/mo cash flow from $1,505/mo rent with a $1,077/mo payment. Total monthly income totals $1,505/mo, and annual cash flow totals $120/yr on $72,930 capital. ROI tracks 20.07% on current figures, and rental yield reads 8.21% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 104.52% and total cumulative return in cash sums $76,223. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,505/mo property income instead of your personal income.
Single Family
Built in 1840
2,613 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: Dawn M. Gagliardi • Serhant Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24145907