16 Hillside Place APT J4NorwalkCT06851
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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 16 Hillside Place APT J4, Norwalk, CT, 06851 offers $3,486/mo rent that, after a $1,982/mo payment, leaves $735/mo cash flow. Total monthly income is $3,486/mo, and annual cash flow is $8,814/yr on $134,258 cash. Return on cash invested measures 26.47% in year one, and rental yield stands at 10.33% at a $405,000 entry. Equity gained on principal adds $2,613/yr while 5% annual appreciation compounds into $111,894 by year five. Five-year ROI records 138.84% and total cumulative return in cash reaches $186,410. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,486/mo property income versus a $1,982/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2003
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: Michael Wright • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24127673