212 Richards Avenue APT 6NorwalkCT06850
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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 $3,970/mo, and a $3,720/mo payment. Purchase price stands at $760,000, and rental yield measures 6.27% with $3,970/mo rent. Return on cash invested shows 11.81% in year one, and 5% annual appreciation builds toward $209,974 over five years. Five-year ROI reaches 61.09% and total cumulative return in cash records $152,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,970/mo property income covering a $3,720/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$525 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
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Listed by: Nicole Blackman • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24102702
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