142 East Avenue #A402NorwalkCT06851
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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 142 East Avenue #A402, Norwalk, CT, 06851 generates $3,484/mo in rent, after a $2,349/mo payment. Total monthly income is $3,484/mo. Return on cash invested sits at 18.34% in year one, and rental yield is 8.71% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 96.39% and total cumulative return in cash sums $153,377. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,484/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$431 monthly 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: Todd Turcotte • Milligan Realty.com
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24131664
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.