23 Poplar StreetNorwalkCT06855
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow23 Poplar Street, Norwalk, CT, 06855 in Norwalk earns its strong cash-flow label: 10.54% yield, $7,236/mo rent, $1,641/mo net income, DSCR 1.95. The $823,500 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $227,518 by year five. Combined with $7,585/yr in principal paydown, total projected return reaches $420,020.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 4.5% |
| Monthly Cash Flow | $1,641 | $1,850 |
City averages based on Norwalk market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,236 |
| Total Monthly Debt Service | $5,268 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.