1 Island Drive #18NorwalkCT06855
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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 Island Drive #18, Norwalk, CT, 06855 with 5% annual appreciation on a $1,645,000 basis while $3,480/mo rent supports operations. 04% in year one. Equity gained on principal adds $10,615/yr, and five-year appreciation sums $454,483 alongside rental yield of 2.54%. Five-year ROI measures 13.1% and total cumulative return in cash totals $69,835. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,480/mo property income versus a $8,051/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1982
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: Hope Klein • The Riverside Realty Group
Mls Name: Smart MLS
Mls ID: #24118331