16 Cove Ave APT 1BNorwalkCT06855
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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 16 Cove Ave APT 1B, Norwalk, CT, 06855 earns from $2,287/mo rent with a $1,786/mo payment. Total monthly income totals $2,287/mo. ROI tracks 16.12% on current figures, and rental yield reads 7.52% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 83.99% and total cumulative return in cash sums $101,623. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,287/mo property income instead of your personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$190 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06855, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 1,771 (45.3%) |
| Renter Occupied HU | 1,952 (50.0%) |
| Vacant Housing Units | 183 ( 4.7%) |
| Median Home Value | $668,977 |
| Average Home Value | $749,494 |
Housing Distribution
Address Breakdown
Residential
3,645
Single Family
3,041
Multi-Family
604
Businesses
305
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Listed by: Tina Ciufo • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087323
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.