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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Norwich at 94 Asylum St, Norwich, CT, 06360 generates $2,830/mo in rent and, after a $1,566/mo payment, leaves $656/mo in cash flow. Total monthly income is $2,830/mo, and annual cash flow is $7,874/yr on $106,047 invested. Return on cash invested sits at 27.33% in year one, and rental yield is 10.62% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 143.49% and total cumulative return in cash sums $152,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,830/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
0.27 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-11 | Listed for sale | $319,900 |
| 2007-10-30 | Sold | $250,000 |
| 2003-12-23 | Sold | $173,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $5325.00 | -0.06% | $109,900 | N/A |
| 2022-10-15 | $5328.00 | -0.34% | $109,900 | N/A |
| 2021-10-15 | $5346.00 | 0.36% | $109,900 | N/A |
What's Special
Access Via Hatch
Listed by: Herb Carlon • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24053102
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.
