16 Elton CourtNorwalkCT06851
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Nearby investment properties with comparable prices
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 Elton Court, Norwalk, CT, 06851 earns $951/mo cash flow from $4,084/mo rent with a $2,257/mo payment. Total monthly income totals $4,084/mo, and annual cash flow totals $11,410/yr on $152,862 capital. ROI tracks 27.37% on current figures, and rental yield reads 10.63% at a $461,122 purchase. Equity gained on principal adds $2,976/yr, and 5% annual appreciation supports $127,400 over five years. Five-year ROI reaches 143.65% and total cumulative return in cash sums $219,594. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,084/mo property income instead of your personal income.
Single Family
Built in 1937
9,583 sqft 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: Susan Hanson • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24142611