10 Slocum StreetNorwalkCT06851
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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 10 Slocum Street, Norwalk, CT, 06851 with 5% annual appreciation on a $550,000 basis while $5,760/mo rent supports operations. Total monthly income totals $5,760/mo and a $2,692/mo payment preserves $2,023/mo for cash returns. Annual cash flow comes to $24,276/yr on $180,950 deployed, and return on cash invested reaches 33.48% in year one. Equity gained on principal adds $3,549/yr, and five-year appreciation sums $151,955 alongside rental yield of 12.57%. Five-year ROI measures 176.35% and total cumulative return in cash totals $319,114.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,760/mo property income versus a $2,692/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06851, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,981 (100%) |
| Owner Occupied HU | 7,690 (64.2%) |
| Renter Occupied HU | 3,859 (32.2%) |
| Vacant Housing Units | 432 ( 3.6%) |
| Median Home Value | $593,741 |
| Average Home Value | $631,581 |
Housing Distribution
Address Breakdown
Residential
11,401
Single Family
9,136
Multi-Family
2,265
Businesses
1,163
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Listed by: Jake Smith • Alpha Capital Realty, LLC
Mls Name: Smart MLS
Mls ID: #24143289