187 Flax Hill Rd APT D1NorwalkCT06854
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 187 Flax Hill Rd APT D1, Norwalk, CT, 06854 in Norwalk. At $410,000 it earns $3,049/mo in rent and distributes $326/mo to the owner after the $1,844/mo payment, a consistent 10.01% yield. DSCR 1.65 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $113,275 in value; $3,776/yr in principal paydown compounds ownership stake. Total projected return: $154,973.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 4.5% |
| Monthly Cash Flow | $326 | $1,850 |
City averages based on Norwalk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,049 |
| Total Monthly Debt Service | $2,931 |
| DSCR Ratio | 1.04x |
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 1980
N/A lot
$N/A/sqft
$308 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06854, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,442 (100%) |
| Owner Occupied HU | 5,243 (42.1%) |
| Renter Occupied HU | 6,566 (52.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $531,431 |
| Average Home Value | $634,519 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
8,781
Multi-Family
2,711
Businesses
998
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 1980
N/A lot
$N/A/sqft
$308 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06854, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,442 (100%) |
| Owner Occupied HU | 5,243 (42.1%) |
| Renter Occupied HU | 6,566 (52.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $531,431 |
| Average Home Value | $634,519 |
Housing Distribution
Address Breakdown
Residential
11,492
Single Family
8,781
Multi-Family
2,711
Businesses
998
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sasha A. Nosworthy • Howard Hanna Rand Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090103
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.