Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 8 Paddock Lane #8, Norwich, CT, 06360 listed at $240,000 pairs $2,575/mo rent with a $1,175/mo payment to leave $664/mo cash flow. Total monthly income runs $2,575/mo, and annual cash flow reaches $7,968/yr on $79,560 cash to close. Return on cash invested measures 29.92% in year one, and rental yield registers 12.88% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 158.86% and total cumulative return in cash totals $126,386. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,575/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
$280 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 |
|---|---|---|
| 2025-08-29 | Sold | $240,000 |
| 2025-08-06 | Pending sale | $235,000 |
| 2025-07-31 | Listed for sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Pull Down Stairs
Listed by: Linda Labbe • CENTURY 21 Shutters & Sails
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103715
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.
