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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Norwich, CT
Listed for sale 1 day ago
$ 235,000
ROI
21.4
Cash Flow/m
107- 2 Bed
- 2 Bath
- 1171 sft
68 Thermos Avenue #212B, Norwich, CT, 06360
$ 249,900
ROI
27.8Cash Flow/m
561- 2 Bed
- 3 Bath
- 1176 sft
527 West Thames Street #30, Norwich, CT, 06360
Currently Rented
$ 252,900
ROI
25.6Cash Flow/m
415- 2 Bed
- 2 Bath
- 1065 sft
3 Arrowhead Drive #3, Norwich, CT, 06360
$ 269,900
ROI
20.4Cash Flow/m
50- 2 Bed
- 3 Bath
- 1456 sft
59 Forestview Drive #59, Norwich, CT, 06360
Why Invest in Norwich, Connecticut?
Norwich, CT offers strong opportunities for condo investors seeking steady cash flow and appreciation. Average rents around $1,750 support solid rental yields in this stable market. With home values appreciating 8-9% annually, condos provide accessible entry points for diversified portfolios. Cap rates hover around 6-7% amid growing renter demand. Economic stability from regional employers enhances long-term holding potential.
7.5%
Avg. ROI
6.2%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1750/mo
Avg. Rent
8.5%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer strong rental yields around 6% with appreciation matching 8% market growth. Low entry prices under $300k appeal to cash flow investors. Stable renter demand from workers and students supports consistent returns.
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