16 Hillside Place APT M5NorwalkCT06851
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow16 Hillside Place APT M5, Norwalk, CT, 06851 in Norwalk is a top-tier cash-flow asset. At $449,000 it produces $4,416/mo in rent and $1,365/mo in net monthly income, a 11.8% gross rental yield. The DSCR of 2.19 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $16,383. Five-year appreciation adds $124,050, driving a total cumulative return of $259,292.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 4.5% |
| Monthly Cash Flow | $1,365 | $1,850 |
City averages based on Norwalk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,416 |
| Total Monthly Debt Service | $2,872 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa Papadopoulos • Higgins Group Real Estate
Mls Name: Smart MLS
Mls ID: #24126157