105 Richards Avenue #2308NorwalkCT06854
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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 105 Richards Avenue #2308, Norwalk, CT, 06854 offers a 8.32% rental yield on a $469,000 purchase with $3,252/mo rent. Total monthly income registers $3,252/mo, and a $2,296/mo payment leaves $65/mo available for distribution. Annual cash flow reaches $779/yr on $155,474 to close, and return on cash invested stands at 20.41% in year one. Equity gained on principal adds $3,026/yr while 5% annual appreciation supports $129,576 over five years. Portfolio math shows five-year ROI at 106.32% and total cumulative return in cash at $165,307. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,252/mo property income against a $2,296/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
N/A 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 Carriero • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24121734