134 Washington Street APT 206NorwalkCT06854
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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 134 Washington Street APT 206, Norwalk, CT, 06854 generates $2,842/mo in rent and, after a $1,757/mo payment, leaves $403/mo in cash flow. Total monthly income is $2,842/mo, and annual cash flow is $4,835/yr on $119,009 invested. Return on cash invested sits at 23.97% in year one, and rental yield is 9.5% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 125.4% and total cumulative return in cash sums $149,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,842/mo property income rather than buyer’s personal income.
Condo
Built in 1982
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: Jules G Etes • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24148547