225 Flax Hill Road #2NorwalkCT06854
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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 225 Flax Hill Road #2, Norwalk, CT, 06854 uses $211,383 cash to close to unlock $6,087/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $4,873/mo, and a $3,145/mo payment keeps the spread at $507/mo. Purchase price stands at $642,500, and rental yield measures 9.1% with $4,873/mo rent. Return on cash invested shows 22.94% in year one, and 5% annual appreciation builds toward $177,511 over five years. Five-year ROI reaches 119.88% and total cumulative return in cash records $253,403. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,873/mo property income covering a $3,145/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A 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: John Desmarais • The Bridge Realty Inc.
Mls Name: Smart MLS
Mls ID: #24149067