67 Wildwood Ln · Norwich, CT 06382

$248,900

3 bd · 2.0 ba · 2,048 sqft · SingleFamily public records · 5 Days on market

Built 1962 0.40 ac lot Est $383k · 35% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +13.1/30.0
• 1% rule +4.2/10.0
• Schools +4.0/10.0
• Livability +4.0/5.0
• DSCR +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

DEFINATELY WORTH A LOOK!!! Town has 3 bedrooms but owner had taken down a wall to make a large primary bedroom. Property is in an estate and there may be furniture, etc. left in house for final walk through. No clean out and no repairs (if needed) will be made. This home could well be worth the effort to make it shine. Probably livable while updating. Executor lives out of state and has no knowledge of property.

Key facts

• 0.4 acre lot
• 2 garage spots
• Built 1962

Property features AI

Exterior

• Parking: Attached garage; 2-car garage; Off-street parking for a total of 6 vehicles
• Utilities: Private well water; Septic sewer
• Home design: Single-family home for sale
• Construction: Frame construction; Concrete foundation
• Exterior features: Level lot; Vinyl siding; Asphalt shingle roof

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot water heating; Oil-fired heat; Oil hot water tank located in basement; Domestic hot water via oil
• Interior features: 6 total rooms; Full, unfinished basement; Attic with hatch access; No in-law apartment
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $249k.

Deal economics

• At list price, monthly cash flow is $-9 ($-106/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (0.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $230k (7.6% below list).
• Recommended offer: $230k (7.6% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.1% in Norwich — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#18 in CT, #1,391 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, commute A-.
• Montville School District (suburban): math 36% / reading 53% proficiency, ranked #91 of 153 in CT (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Montville High School (math 42% / reading 67%, grade C-, #63 of 194 statewide, top 39%, 499 students, 37% FRL).
• Market conditions: 39 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 487 units permitted in Southeastern Connecticut Planning Region in 2024 (244 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 64% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $230,000 (7.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.15%
• DSCR: 0.99
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $382,976
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
47 Wildwood Ln	0.04mi	3/2.0	2,000 (-2%)	23mo	$330,000	$165	75
15 Forest Dr	0.11mi	3/2.5	1,922 (-6%)	18mo	$359,000	$187	67
72 Pollys Ln	0.22mi	3/1.0	2,321 (+13%)	0mo	$385,000	$166	64
69 Forest Dr	0.07mi	3/2.0	1,800 (-12%)	22mo	$400,000	$222	59
36 Richard Brown Dr	0.75mi	3/2.0	1,848 (-10%)	5mo	$400,000	$216	45
124 Holly Hill Dr	0.73mi	3/2.5	1,772 (-14%)	5mo	$315,000	$178	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.5%
• Equity multiple: 0.41×
• Total profit: $-40,793
• Equity at exit: $37,112

10-year hold

• IRR: -8.2%
• Equity multiple: 0.49×
• Total profit: $-35,839
• Equity at exit: $21,520

Cash invested: $69,692 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06382

• Home prices YoY: -14.1%
• Active inventory: 39
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,300 medium
• Mortgage (P&I): −$1,305
• Tax from tax record: −$417 /mo · $5,002/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $-9

Break-even live

Break-even rent $2,311

Max offer price $247,345

Occupancy floor 95%

Sensitivity live

Price	-10% $132	-5% $62	+0% $-9	+5% $-79	+10% $-150
Rent	-10% $-191	-5% $-100	+0% $-9	+5% $82	+10% $173
Rate	-1.0pp $117	-0.5pp $55	base $-9	+0.5pp $-73	+1.0pp $-139

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $62,225
• Closing costs: $7,467
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1691 Norwich New London Tpke Unit E5 Uncasville, CT	2.0	1.5	1420	$2,300	$1.62	45d	1	0.99mi

Listing history 11 events

1. 2026-06-17
   status $248,900 Under Contract 5 DOM
2. 2026-06-17
   days on market $248,900 Active 5 DOM
3. 2026-06-16
   days on market $248,900 Active 4 DOM
4. 2026-06-15
   days on market $248,900 Active 3 DOM
5. 2026-06-13
   statusdays on market $248,900 Active 1 DOM
6. 2026-06-10
   days on market $248,900 Coming Soon 7 DOM
7. 2026-06-09
   days on market $248,900 Coming Soon 6 DOM
8. 2026-06-08
   days on market $248,900 Coming Soon 5 DOM
9. 2026-06-07
   days on market $248,900 Coming Soon 4 DOM
10. 2026-06-03
    remarks 415-char remark
11. 2026-06-03
    listed $248,900 Coming Soon 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $5,002 · $417/mo
• Projected year-2 tax: $5,164 · $430/mo
• Expected delta: +$162/yr (+$14/mo · 3.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 64% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,600
• − Mortgage interest: −$13,942
• − Property taxes: −$5,002
• − Insurance: −$1,244
• − Repairs & maintenance: −$2,208
• − Management: −$2,208
• − Depreciation: −$7,241
• Taxable loss: −$4,245
• Est. tax savings @ 24.0%: +$1,019
• After-tax cash flow: $913/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Montville School District
• NCES district ID: 0902580
• Math proficiency: 36% ▼ -18.00%
• Reading proficiency: 53% ▼ -10.00%
• Median HH income: $67,689
• Composite: 39.85/100
• National rank: #3868
• State rank: #91 of 153 in CT

Livability — Norwich

• Score: 81/100
• State rank: #18
• US rank: #1391

Category grades

Amenities B- Commute A- Cost of living A- Crime B+ Employment C Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 37,216
• Population (ZIP): 10,076

Population outlook (Southeastern Connecticut County) Hauer SSP2

• By 2040: 293,442

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 12% Two or more races 8% Asian 8% Black 5% Native American 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6% Cuban 1%
• Common ancestry: Romanian 8% Lithuanian 4% Slovak 2%
• Foreign-born: 9% · China, Canada, South Korea
• Languages at home: 85% English-only · Spanish 7% Chinese 4% Other Indo-European 2%

Political lean MEDSL · Southeastern Connecticut

• 2024 margin: D (+13.0) · D 55.6% · R 42.6% · Other 1.8%
• All cycles: 2024: D+13.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.48%
• Current HPI: 246.398
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

1 event — show timeline

• 2026-06-03 Coming Soon $248,900 Smart MLS

Property tax history

+2.3%/yr

Latest (2023): $5,002 · +4.0% YoY. Source: county tax records.