70 Colebrook RoadNorfolkCT06058
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Norfolk at 70 Colebrook Road, Norfolk, CT, 06058 offers $4,782/mo rent that, after a $2,932/mo payment, leaves $712/mo cash flow. Total monthly income is $4,782/mo, and annual cash flow is $8,543/yr on $197,071 cash. Return on cash invested measures 24.4% in year one, and rental yield stands at 9.58% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 127.66% and total cumulative return in cash reaches $251,578. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,782/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
9.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06058, Norfolk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 977 (100%) |
| Owner Occupied HU | 591 (60.5%) |
| Renter Occupied HU | 166 (17.0%) |
| Vacant Housing Units | 220 (22.5%) |
| Median Home Value | $591,912 |
| Average Home Value | $676,798 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
513
Multi-Family
28
Businesses
81
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Nearby investment properties with comparable prices
Listed by: Rick Allen • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24128333