21 Prospect Avenue #A101NorwalkCT06850
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 21 Prospect Avenue #A101, Norwalk, CT, 06850 uses $101,108 cash to close to unlock $2,886/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $2,515/mo, and a $1,493/mo payment keeps the spread at $241/mo. Purchase price stands at $305,000, and rental yield measures 9.9% with $2,515/mo rent. Return on cash invested shows 22.76% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 119.82% and total cumulative return in cash records $121,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,515/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$202 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angelo Maruca • Welcome Home Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104206
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.