86 Briar Lane #86NorwichCT06360
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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
Investment property for sale in Norwich at 86 Briar Lane #86, Norwich, CT, 06360 offers a 8.9% rental yield on a $304,500 purchase with $2,258/mo rent. 18% in year one. Equity gained on principal adds $1,965/yr while 5% annual appreciation supports $84,128 over five years. Portfolio math shows five-year ROI at 95.81% and total cumulative return in cash at $96,717. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,258/mo property income against a $1,490/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
$335 monthly 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: Ali White J. White • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24115246
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.