8 Parkwoods Drive #8NorwichCT06360
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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 Norwich at 8 Parkwoods Drive #8, Norwich, CT, 06360 priced at $259,000 pairs $2,298/mo rent with $538/mo cash flow after a $1,268/mo payment. Total monthly income equals $2,298/mo, and annual cash flow comes to $6,455/yr on $85,859 invested. Return on cash invested is 27.43% in year one, and rental yield stands at 10.65% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 143.95% and total cumulative return in cash reaches $123,592. For financing, Ziffy Mortgage’s DSCR program evaluates $2,298/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06360, Norwich, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,023
Single Family
14,090
Multi-Family
1,933
Businesses
1,102
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Listed by: Barbara Royea • Carl Guild & Associates
Mls Name: Smart MLS
Mls ID: #24128740