17 Hayes AvenueNorwalkCT06855
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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 17 Hayes Avenue, Norwalk, CT, 06855 generates $3,656/mo in rent, after a $3,451/mo payment. Total monthly income is $3,656/mo. Return on cash invested sits at 14.19% in year one, and rental yield is 6.22% on a $705,000 entry. Equity gained on principal adds $4,549/yr, while 5% annual appreciation builds toward $194,779 over five years. Five-year ROI reaches 72.94% and total cumulative return in cash sums $169,189. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,656/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
4,791 sqft lot
$N/A/sqft
No 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: Sylina Gurnari • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098353
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.