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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 586 W Thames St APT 404, Norwich, CT, 06360 generates $3,198/mo in rent and, after a $1,664/mo payment, leaves $146/mo in cash flow. Total monthly income is $3,198/mo, and annual cash flow is $1,754/yr on $112,677 invested. Return on cash invested sits at 21.47% in year one, and rental yield is 11.29% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 114.89% and total cumulative return in cash sums $129,455. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,198/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$742 monthly 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 |
|---|---|---|
| 2025-04-02 | Listed for sale | $339,900 |
| 2020-12-02 | Sold | $220,000 |
| 2020-10-01 | Pending sale | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $5443.00 | -7.56% | $163,700 | 16.85% |
| 2023-04-16 | $5888.00 | -0.36% | $140,100 | N/A |
| 2022-04-16 | $5909.00 | -0.40% | $140,100 | N/A |
What's Special
None
Listed by: The One Team At William Raveis Real Estate • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085285
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.
