2 Steeple Top RdNorwalkCT06853
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 2 Steeple Top Rd, Norwalk, CT, 06853 in Norwalk the bet is firmly on appreciation. Rental yield 5.43%. The 5.43% gross yield on a $950,000 price is below income-first thresholds, but 5%/yr value growth projects $262,467 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.20) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $275,907.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 4.5% |
| Monthly Cash Flow | $(2,187) | $1,850 |
City averages based on Norwalk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,134 |
| Total Monthly Debt Service | $6,108 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1981
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06853, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,449 (100%) |
| Owner Occupied HU | 1,167 (80.5%) |
| Renter Occupied HU | 182 (12.6%) |
| Vacant Housing Units | 100 ( 6.9%) |
| Median Home Value | $1,455,819 |
| Average Home Value | $1,490,002 |
Housing Distribution
Address Breakdown
Residential
1,534
Single Family
1,471
Multi-Family
63
Businesses
175
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
Single Family
Built in 1981
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06853, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,449 (100%) |
| Owner Occupied HU | 1,167 (80.5%) |
| Renter Occupied HU | 182 (12.6%) |
| Vacant Housing Units | 100 ( 6.9%) |
| Median Home Value | $1,455,819 |
| Average Home Value | $1,490,002 |
Housing Distribution
Address Breakdown
Residential
1,534
Single Family
1,471
Multi-Family
63
Businesses
175
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eileen Murphy • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088710
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.