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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Norwich at 5 Turnpike Park, Norwich, CT, 06360 listed at $299,999 pairs $3,095/mo rent with a $1,468/mo payment to leave $1,057/mo cash flow. Total monthly income runs $3,095/mo, and annual cash flow reaches $12,684/yr on $99,450 cash to close. Return on cash invested measures 32.66% in year one, and rental yield registers 12.38% at a $299,999 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 172.01% and total cumulative return in cash totals $171,060. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,095/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06360, Norwich, CT area.
| 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 |
Residential
16,023
Single Family
14,090
Multi-Family
1,933
Businesses
1,102
Date | Event | Price |
|---|---|---|
| 2024-09-06 | Listed for sale | $299,999 |
| 2005-12-23 | Sold | $133,333 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $4480.00 | -0.36% | $106,600 | N/A |
| 2022-10-15 | $4496.00 | -0.42% | $106,600 | N/A |
| 2021-10-15 | $4515.00 | -0.15% | $106,600 | -0.09% |
Listed by: Nathan Clark • Your Home Sold Guaranteed Realty, The Nathan Clark Team
Mls Name: My State MLS
Mls ID: #11340256
