1 Howard Avenue #B2NorwalkCT06855
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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
Rental property for sale in Norwalk at 1 Howard Avenue #B2, Norwalk, CT, 06855 priced at $799,000 converts $3,480/mo rent into after a $3,911/mo obligation. Total monthly income equals $3,480/mo. Return on cash invested prints 11.16% in year one, and rental yield reads 5.23% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 56.7% and total cumulative return in cash sums $149,046. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,480/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
No 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: Holly Giordano • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24106038