18 Prospect Avenue APT B1NorwalkCT06850
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
Investment Highlights
Rental property for sale in Norwalk at 18 Prospect Avenue APT B1, Norwalk, CT, 06850 priced at $275,000 pairs $1,877/mo rent with $9/mo cash flow after a $1,346/mo payment. Total monthly income equals $1,877/mo, and annual cash flow comes to $102/yr on $91,163 invested. Return on cash invested is 20.02% in year one, and rental yield stands at 8.19% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 104.27% and total cumulative return in cash reaches $95,051. For financing, Ziffy Mortgage’s DSCR program evaluates $1,877/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06850, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,480 (100%) |
| Owner Occupied HU | 4,748 (50.1%) |
| Renter Occupied HU | 4,220 (44.5%) |
| Vacant Housing Units | 512 ( 5.4%) |
| Median Home Value | $610,500 |
| Average Home Value | $699,326 |
Housing Distribution
Address Breakdown
Residential
9,138
Single Family
6,915
Multi-Family
2,223
Businesses
598
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Nuzzo • RE/MAX Heritage
Mls Name: Smart MLS
Mls ID: #24146921