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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% |
Rental property for sale in Norwich at 54 Lorenzo St, Norwich, CT, 06360 priced at $235,000 pairs $1,586/mo rent with after a $1,150/mo payment. Total monthly income equals $1,586/mo. Return on cash invested is 18.89% in year one, and rental yield stands at 8.1% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 98.48% and total cumulative return in cash reaches $76,720. For financing, Ziffy Mortgage’s DSCR program evaluates $1,586/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.44 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 |
|---|---|---|
| 2025-04-28 | Listed for sale | $235,000 |
| 2023-05-30 | Sold | $195,000 |
| 2023-03-22 | Contingent | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $4851.00 | 27.86% | $127,000 | 62.20% |
| 2023-05-01 | $3794.00 | -0.05% | $78,300 | N/A |
| 2022-05-01 | $3796.00 | -0.34% | $78,300 | N/A |
What's Special
Access Via Hatch
Listed by: Scott McGee • RE/MAX Properties
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24091464
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
