9 Trading Cove Circle #9NorwichCT06360
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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 9 Trading Cove Circle #9, Norwich, CT, 06360 uses $109,105 cash to close to unlock $9,536/yr annual cash flow and $795/mo monthly cash flow. Total monthly income runs $3,031/mo, and a $1,611/mo payment keeps the spread at $795/mo. Purchase price stands at $329,124, and rental yield measures 11.05% with $3,031/mo rent. Return on cash invested shows 28.65% in year one, and 5% annual appreciation builds toward $90,931 over five years. Five-year ROI reaches 150.52% and total cumulative return in cash records $164,220. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,031/mo property income covering a $1,611/mo payment rather than investor’s personal income.
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: Adam Mancini • Ann McBride Real Estate
Mls Name: Smart MLS
Mls ID: #24123430