1 Blue Mountain RidgeNorwalkCT06851
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Norwalk at 1 Blue Mountain Ridge, Norwalk, CT, 06851 generates $6,286/mo in rent and, after a $4,155/mo payment, leaves $518/mo in cash flow. Total monthly income is $6,286/mo, and annual cash flow is $6,215/yr on $279,321 invested. Return on cash invested sits at 22.29% in year one, and rental yield is 8.88% on a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 116.34% and total cumulative return in cash sums $324,968. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,286/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06851, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,981 (100%) |
| Owner Occupied HU | 7,690 (64.2%) |
| Renter Occupied HU | 3,859 (32.2%) |
| Vacant Housing Units | 432 ( 3.6%) |
| Median Home Value | $593,741 |
| Average Home Value | $631,581 |
Housing Distribution
Address Breakdown
Residential
11,401
Single Family
9,136
Multi-Family
2,265
Businesses
1,163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Pellegrino • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24133329