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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 607B Boswell Ave, Norwich, CT, 06360 priced at $119,900 converts $1,747/mo rent into $432/mo cash flow after a $587/mo obligation. Total monthly income equals $1,747/mo, and annual cash flow totals $5,186/yr on $39,747 invested. Return on cash invested prints 32.96% in year one, and rental yield reads 17.48% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 179.18% and total cumulative return in cash sums $71,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,747/mo property income covering a $587/mo payment, not borrower’s personal income.
Manufactured
Built in 1991
99 Acres lot
$N/A/sqft
$500 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 |
|---|---|---|
| 2024-10-07 | Listed for sale | $119,900 |
| 2023-05-05 | Sold | $80,000 |
| 2023-04-11 | Contingent | $74,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1323.00 | -0.08% | $27,300 | N/A |
| 2022-10-15 | $1324.00 | -0.30% | $27,300 | N/A |
| 2021-10-15 | $1328.00 | 0.38% | $27,300 | N/A |
What's Special
None
Listed by: Laurie Hayes-Hagstrom • On The Move Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24050362
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.
