16 Katy LaneNorwalkCT06851
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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 Katy Lane, Norwalk, CT, 06851 offers $5,257/mo rent that, after a $3,621/mo payment, leaves $230/mo cash flow. Total monthly income is $5,257/mo, and annual cash flow is $2,762/yr on $243,427 cash. Return on cash invested measures 21.2% in year one, and rental yield stands at 8.53% at a $739,900 entry. Equity gained on principal adds $4,774/yr while 5% annual appreciation compounds into $204,421 by year five. Five-year ROI records 110.52% and total cumulative return in cash reaches $269,031. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,257/mo property income versus a $3,621/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.29 Acres 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: Ellen Balazs • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24138769