Are under $100k properties good rental investments in Norwich?

Yes, with average rents around $1,100/month and cap rates of 8-9%, they generate solid cash flow. Renter occupancy exceeds 38% per Census data ensuring demand stability. Location near employment centers supports long-term tenant retention.

What are the biggest investment risks for Norwich properties under $100k?

Maintenance costs on older properties represent the primary concern alongside moderate flood risk zones. However, low acquisition prices provide cushion for renovations. Stable local employment mitigates vacancy risks effectively.

How does Norwich's rental market perform compared to nearby CT cities?

Norwich offers higher cap rates than coastal markets like New London due to lower purchase prices. Rental growth tracks statewide averages at 4% annually. The affordability gap creates superior cash-on-cash returns for budget investors.

Under $100K Investment Properties for Sale in Norwich, CT

Property at 17 Sylvester Street, Norwich, CT

1 Bed
1 Bath
592 sft

17 Sylvester Street, Norwich, CT, 06360

Here are some other similar properties you might be interested in:

Property at 26 North Main Street #TRLR 25, Branford, CT

2 Bed
1 Bath
728 sft

26 North Main Street #TRLR 25, Branford, CT, 06405

Property at 5 Town House Rd Extension, Lisbon, CT

3 Bed
1 Bath
888 sft

5 Town House Rd Extension, Lisbon, CT, 06351

Property at 225 Torringford West Street, Torrington, CT

1 Bed
1 Bath
550 sft

225 Torringford West Street, Torrington, CT, 06790

Property at 28 Nashua Street, Norwich, CT

2 Bed
1 Bath
924 sft

28 Nashua Street, Norwich, CT, 06360

Property at 280 Capen Street #34, Hartford, CT

2 Bed
1 Bath
850 sft

280 Capen Street #34, Hartford, CT, 06112

Property at 232 Farmington Avenue #D8, Hartford, CT

1 Bed
1 Bath
735 sft

232 Farmington Avenue #D8, Hartford, CT, 06105

Property at 79 Fair Acres Cir, Mystic, CT

2 Bed
1 Bath
640 sft

79 Fair Acres Cir, Mystic, CT, 06355

1 Bed
1 Bath
592 sft

17 Sylvester Street, Norwich, CT, 06360

Property at 20 Providence New London Turnpike Lot 19, North Stonington, CT

2 Bed
1 Bath
938 sft

20 Providence New London Turnpike Lot 19, North Stonington, CT, 06359

Property at 137 Cutler Rd, Greenwich, CT

1 Bed
1 Bath
2253 sft

137 Cutler Rd, Greenwich, CT, 06831

Property at 929 Burnside Avenue APT LL2, East Hartford, CT

1 Bed
1 Bath
715 sft

929 Burnside Avenue APT LL2, East Hartford, CT, 06108

Property at 284A Oxoboxo Dam Rd, Oakdale, CT

2 Bed
2 Bath
950 sft

284A Oxoboxo Dam Rd, Oakdale, CT, 06370

Property at 70 Woodland Park, Shelton, CT

2 Bed
2 Bath
924 sft

70 Woodland Park, Shelton, CT, 06484

Property at 151 Alsace Street, Bridgeport, CT

1 Bed
1 Bath
850 sft

151 Alsace Street, Bridgeport, CT, 06604

Property at 525 East Main Street #TRLR 23, Branford, CT

2 Bed
1 Bath
470 sft

525 East Main Street #TRLR 23, Branford, CT, 06405

Property at 216 Quinnipiac Ave APT 218, North Haven, CT

1 Bed
1 Bath
750 sft

216 Quinnipiac Ave APT 218, North Haven, CT, 06473

Property at 35 Thames Street, New London, CT

3 Bed
2 Bath
1599 sft

35 Thames Street, New London, CT, 06320

Property at 107 Angel Dr APT B, Waterbury, CT

1 Bed
1 Bath
589 sft

107 Angel Dr APT B, Waterbury, CT, 06708

Property at 302 Oxoboxo Dam Road, Oakdale, CT

2 Bed
2 Bath
924 sft

302 Oxoboxo Dam Road, Oakdale, CT, 06370

Property at 31 Old Mansfield Rd, Windham, CT

$ 100,000

ROI

Cash Flow/m

- Bed
- Bath
- sft

31 Old Mansfield Rd, Windham, CT, 06280

Property at 5 Wormwood Hill Rd, Mansfield, CT

- Bed
- Bath
- sft

5 Wormwood Hill Rd, Mansfield, CT, 06250

Property at 283 Glen Hills Rd, Meriden, CT

$ 100,000

ROI

Cash Flow/m

- Bed
- Bath
- sft

283 Glen Hills Rd, Meriden, CT, 06451

Property at 24 Prospect Street APT 31, Manchester, CT

1 Bed
1 Bath
610 sft

24 Prospect Street APT 31, Manchester, CT, 06040

Property at 13 Sharon Dr, Storrs Mansfield, CT

2 Bed
1 Bath
850 sft

13 Sharon Dr, Storrs Mansfield, CT, 06268

Why Invest in Norwich, Connecticut?

Discover investment opportunities in Norwich, CT with properties under $100k offering strong entry-level potential. Affordable acquisition costs paired with steady rental demand create attractive cash flow prospects for savvy investors. The local market shows cap rates around 8-10% with average rents supporting yields above market norms. Recent Census data highlights a stable renter-occupied housing stock at 38%, ensuring consistent occupancy. Paired with modest appreciation trends, these budget properties position investors for long-term gains.

9.2%

Avg. ROI

7.8%

Rental Yield

8.5%

Cap Rate

$420/mo

Avg. Cash Flow

$1120/mo

Avg. Rent

3.1%

1Y Appreciation

Frequently Asked Questions

Primarily single-family homes, duplexes, and mobile/manufactured units appear in this price range. Many offer 2-4 bedrooms suitable for rental conversion. Investors find these properties ideal for value-add strategies given their low entry costs.

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Under $100K Investment Properties for Sale in Norwich, CT

Why Invest in Norwich, Connecticut?

Frequently Asked Questions

What types of properties under $100k are available in Norwich CT?

Are under $100k properties good rental investments in Norwich?

What are the biggest investment risks for Norwich properties under $100k?

How does Norwich's rental market perform compared to nearby CT cities?

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