111 Rowayton Avenue #302NorwalkCT06853
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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 111 Rowayton Avenue #302, Norwalk, CT, 06853 projects strong ROI of 8.06%. Rental yield 4.16%. With 5% annual appreciation, the property builds $1,146,568 in value over five years. Equity growth combined delivers a projected five-year ROI of 39.99%, translating into $537,752 in total cumulative return on $1,344,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06853, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,449 (100%) |
| Owner Occupied HU | 1,167 (80.5%) |
| Renter Occupied HU | 182 (12.6%) |
| Vacant Housing Units | 100 ( 6.9%) |
| Median Home Value | $1,455,819 |
| Average Home Value | $1,490,002 |
Housing Distribution
Address Breakdown
Residential
1,534
Single Family
1,471
Multi-Family
63
Businesses
175
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Listed by: Meghan Gatt • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24121015