21 Ferris AveNorwalkCT06854
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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
Total monthly income runs $2,773/mo, and a $3,421/mo payment. Purchase price stands at $699,000, and rental yield measures 4.76% with $2,773/mo rent. Return on cash invested shows 9.75% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 49.12% and total cumulative return in cash records $112,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,773/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Multi Family
Built in 1909
6,969 sqft lot
$N/A/sqft
No 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
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Listed by: Balestriere Team at William Raveis Real Estate • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085479
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.