93 Greenwoods Road EastNorfolkCT06058
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 93 Greenwoods Road East, Norfolk, CT, 06058 priced at $524,900 converts $5,072/mo rent into $1,506/mo cash flow after a $2,569/mo obligation. Total monthly income equals $5,072/mo, and annual cash flow totals $18,068/yr on $172,692 invested. Return on cash invested prints 30.52% in year one, and rental yield reads 11.6% against a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation compiles into $145,020 by year five. Five-year ROI reaches 160.52% and total cumulative return in cash sums $277,213. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,072/mo property income covering a $2,569/mo payment, not borrower’s personal income.
Single Family
Built in 1909
0.50 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: David Tomolonius • Evermark Property Group
Mls Name: Smart MLS
Mls ID: #24142630