189 East AvenueNorwalkCT06855
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
Investment property for sale in Norwalk at 189 East Avenue, Norwalk, CT, 06855 with 5% annual appreciation on a $999,000 basis while $3,380/mo rent supports operations. 62% in year one. Equity gained on principal adds $6,446/yr, and five-year appreciation sums $276,005 alongside rental yield of 4.06%. Five-year ROI measures 37.69% and total cumulative return in cash totals $123,866. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,380/mo property income versus a $4,890/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1920
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ellen Balazs • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24140118