1 Howard Avenue #B1NorwalkCT06855
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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
Investment property for sale in Norwalk at 1 Howard Avenue #B1, Norwalk, CT, 06855 with 5% annual appreciation on a $745,000 basis while $6,197/mo rent supports operations. Total monthly income totals $6,197/mo and a $3,646/mo payment preserves $711/mo for cash returns. Annual cash flow comes to $8,526/yr on $245,105 deployed, and return on cash invested reaches 23.54% in year one. Equity gained on principal adds $4,807/yr, and five-year appreciation sums $205,830 alongside rental yield of 9.98%. Five-year ROI measures 123.83% and total cumulative return in cash totals $303,512.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,197/mo property income versus a $3,646/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2021
N/A lot
$N/A/sqft
$425 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06855, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 1,771 (45.3%) |
| Renter Occupied HU | 1,952 (50.0%) |
| Vacant Housing Units | 183 ( 4.7%) |
| Median Home Value | $668,977 |
| Average Home Value | $749,494 |
Housing Distribution
Address Breakdown
Residential
3,645
Single Family
3,041
Multi-Family
604
Businesses
305
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Listed by: Susan Kosterich • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095055
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.