10 Burritt AveNorwalkCT06854
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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 10 Burritt Ave, Norwalk, CT, 06854 priced at $664,200 converts $3,822/mo rent into after a $3,251/mo obligation. Total monthly income equals $3,822/mo. Return on cash invested prints 16.27% in year one, and rental yield reads 6.91% against a $664,200 entry. Equity gained on principal adds $4,286/yr, while 5% annual appreciation compiles into $183,506 by year five. Five-year ROI reaches 84.09% and total cumulative return in cash sums $183,764. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,822/mo property income covering a $3,251/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06854, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,442 (100%) |
| Owner Occupied HU | 5,243 (42.1%) |
| Renter Occupied HU | 6,566 (52.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $531,431 |
| Average Home Value | $634,519 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
8,781
Multi-Family
2,711
Businesses
998
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Listed by: N/A • N/A
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