23 Poplar StreetNorwalkCT06855
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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
Rental property for sale in Norwalk at 23 Poplar Street, Norwalk, CT, 06855 generates $7,236/mo in rent and, after a $4,031/mo payment, leaves $1,640/mo in cash flow. Total monthly income is $7,236/mo, and annual cash flow is $19,684/yr on $270,932 invested. Return on cash invested sits at 27.33% in year one, and rental yield is 10.54% on a $823,500 entry. Equity gained on principal adds $5,314/yr, while 5% annual appreciation builds toward $227,518 over five years. Five-year ROI reaches 143.38% and total cumulative return in cash sums $388,470. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,236/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06855, Norwalk, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 1,771 (45.3%) |
| Renter Occupied HU | 1,952 (50.0%) |
| Vacant Housing Units | 183 ( 4.7%) |
| Median Home Value | $668,977 |
| Average Home Value | $749,494 |
Housing Distribution
Address Breakdown
Residential
3,645
Single Family
3,041
Multi-Family
604
Businesses
305
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Listed by: Jessica Walsh • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095582
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.