10 Frances AvenueNorwalkCT06854
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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 Frances Avenue, Norwalk, CT, 06854 priced at $449,900 converts $3,346/mo rent into $289/mo cash flow after a $2,202/mo obligation. Total monthly income equals $3,346/mo, and annual cash flow totals $3,470/yr on $149,142 invested. Return on cash invested prints 22.24% in year one, and rental yield reads 8.92% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 116.14% and total cumulative return in cash sums $173,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,346/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1929
5,662 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: Michael G. Ferris • eXp Realty
Mls Name: Smart MLS
Mls ID: #24146116