144 East Avenue APT B404NorwalkCT06851
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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
Total monthly income runs $2,850/mo, and a $2,296/mo payment. Purchase price stands at $469,000, and rental yield measures 7.29% with $2,850/mo rent. Return on cash invested shows 17.31% in year one, and 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 89.68% and total cumulative return in cash records $139,423. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,850/mo property income covering a $2,296/mo payment rather than investor’s personal income.
Condo
Built in 2009
N/A 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
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Listed by: Joe Balestriere • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24138115