(Undisclosed Address)NorfolkCT06058
Nearby investment properties with comparable rents
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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 Norfolk at (Undisclosed Address), Norfolk, CT, 06058 generates $4,768/mo in rent and, after a $2,692/mo payment, leaves $1,031/mo in cash flow. Total monthly income is $4,768/mo, and annual cash flow is $12,372/yr on $180,950 invested. Return on cash invested sits at 26.9% in year one, and rental yield is 10.4% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 141.07% and total cumulative return in cash sums $255,274. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,768/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.57 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Betsy Little • Betsy Little Real Estate LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097438
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.