101 Chestnut Hill RoadNorwalkCT06851
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 101 Chestnut Hill Road, Norwalk, CT, 06851 in Norwalk worth modelling. At $685,000 with a 8.23% gross yield, the $4,700/mo rent leaves $46/mo after the $3,080/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.53 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $189,253 by year five; $6,309/yr in principal reduction adds further equity. Total projected return: $264,524.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 4.5% |
| Monthly Cash Flow | $46 | $1,850 |
City averages based on Norwalk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,700 |
| Total Monthly Debt Service | $4,382 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
0.68 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1959
0.68 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monica Osorio • Realty ONE Group Connect
Mls Name: Smart MLS
Mls ID: #24127913