21 Lakeview DrNorwalkCT06850
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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
Investment property for sale in Norwalk at 21 Lakeview Dr, Norwalk, CT, 06850 with 5% annual appreciation on a $628,000 basis while $4,864/mo rent supports operations. Total monthly income totals $4,864/mo and a $3,074/mo payment preserves $597/mo for cash returns. Annual cash flow comes to $7,162/yr on $206,612 deployed, and return on cash invested reaches 23.53% in year one. Equity gained on principal adds $4,052/yr, and five-year appreciation sums $173,505 alongside rental yield of 9.29%. Five-year ROI measures 123% and total cumulative return in cash totals $254,143.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,864/mo property income versus a $3,074/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
4,791 sqft 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
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Listed by: Bryan Morris Team • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24029042
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.